Shares of Super Micro Computer have rocketed higher amid soaring demand for artificial intelligence servers.
The market's overreaction likely represents a buying opportunity for this stock.
Supermicro has been one of the biggest gainers from the ongoing AI supercycle.
Super Micro Computer sales are soaring, but investors wanted to see more from the artificial intelligence enabler after its latest earnings release.
Is this bad news for Nvidia's upcoming earnings call?
SMCI stock crashed 15% after reporting its latest earnings results.
Results by one of the standard-bearers for the AI movement set the stage for a broader pullback in the space.
The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.34%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.70%. US stock indexes...
Stocks that traded heavily or had substantial price changes on Wednesday: Amazon, Pinterest rise; Starbucks, CVS Health fall
Super Micro Computer just raised guidance for 2024 sales, but there's something else to watch, too.