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Labrish
Nyuuz
SMCI Guidance Meltdown Sends Stock Tumbling
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[QUOTE="Munyaradzi Mafaro, post: 37249, member: 636"] 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. [/QUOTE]
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SMCI Guidance Meltdown Sends Stock Tumbling
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