Super Micro Computer shares fell after their latest report met only lowered targets. The server maker announced $4.6 billion in sales for the spring quarter but missed what Wall Street expected. They predict summer quarter sales between $5.6 billion and $6.4 billion, less than market hopes of $6.8 billion. The company backed away from earlier promises about next year's earnings due to trade rule worries. Citi analysts cut their price goal for the stock to just $37.
Some experts blame the sales slowdown on customers waiting for newer chips before buying. Rosenblatt says about $1 billion in sales moved to later months because buyers want Nvidia Blackwell chips instead. Despite these troubles, Needham analyst Quinn Bolton sees the company as a bargain for investors. Super Micro stock dropped 6 percent this morning. The share price remains 10 percent higher than January values.
Some experts blame the sales slowdown on customers waiting for newer chips before buying. Rosenblatt says about $1 billion in sales moved to later months because buyers want Nvidia Blackwell chips instead. Despite these troubles, Needham analyst Quinn Bolton sees the company as a bargain for investors. Super Micro stock dropped 6 percent this morning. The share price remains 10 percent higher than January values.
