More Wall Street analysts downgraded or pulled their ratings on Super Micro Computer stock after the beleaguered company's business update. The post Analysts Abandon Super Micro After Negative Quarterly Update appeared first on Investor's Business Daily.
Super Micro Computer Inc (NASDAQ:SMCI) stock is plummeting today, down 23.8% at $21.10 at last glance, after the company's current-quarter earnings and sales forecasts missed Wall Street's estimates.
Shares of Super Micro Computer tumbled more than 20% in premarket trading on Wednesday as an unclear timeline for its annual report along with weak quarterly forecasts fanned investor worries about the AI-server maker.
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