Nvidia Supplier Super Micro Computer Stock Is Down Wednesday, What's Going On? – Quantisnow
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Artificial server company Super Micro Computer, Inc (NASDAQ:SMCI) shares are trading lower Wednesday following the US intensifying semiconductor sanctions against China and Presidential candidate Donald Trump‘s criticism of key contract chipmaker Taiwan Semiconductor Manufacturing Company (NYSE:TSM).
The Biden administration is considering implementing the Foreign Direct Product Rule (FDPR), which permits controls on foreign-made products using even minimal amounts of American technology. Additionally, the US may impose further sanctions on specific Chinese chip companies.
Furthermore, Trump’s recent comments stirred concerns in the semiconductor sector. Trump suggested that Taiwan Semiconductor, a key supplier for Nvidia, should compensate the U.S. for its defense.
Super Micro Computer is a crucial Nvidia supplier. In an interview with CNBC’s Jim Cramer on Monday, CEO Charles Liang expressed optimism about the AI server company’s growth trajectory, stating, “This AI revolution can be bigger even than the industrial revolution.”
Super Micro Computer stock has gained over 190% in the last 12 months. Investors can gain exposure to the stock through Vanguard Mid-Cap Growth ETF (NYSE:VOT) and iShares Russell Mid-Cap ETF (NYSE:IWR).
Price Action: SMCI shares were down 4.00% at $841.26 at the last check Wednesday.
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4 – Super Micro Computer, Inc. (0001375365) (Issuer)
4 – Super Micro Computer, Inc. (0001375365) (Issuer)
4 – Super Micro Computer, Inc. (0001375365) (Issuer)
4 – Super Micro Computer, Inc. (0001375365) (Issuer)
Artificial server company Super Micro Computer, Inc (NASDAQ:SMCI) shares are trading lower Wednesday following the US intensifying semiconductor sanctions against China and Presidential candidate Donald Trump‘s criticism of key contract chipmaker Taiwan Semiconductor Manufacturing Company (NYSE:TSM). The Biden administration is considering implementing the Foreign Direct Product Rule (FDPR), which permits controls on foreign-made products using even minimal amounts of American technology. Additionally, the US may impose further sanctions on specific Chinese chip companies. Furthermore, Trump’s recent comments stirred concerns in the semiconductor sector. Trump suggested that Taiwan
Whales with a lot of money to spend have taken a noticeably bearish stance on Super Micro Computer. Looking at options history for Super Micro Computer (NASDAQ:SMCI) we detected 20 trades. If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 40% with bearish. From the overall spotted trades, 11 are puts, for a total amount of $488,503 and 9, calls, for a total amount of $608,987. Projected Price Targets Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $765.0 to $1100.0 for Super Micro Computer during the past quarter. Volume & Open
Chip stocks led by Nvidia Corp (NASDAQ:NVDA) and Advanced Micro Devices, Inc (NASDAQ:AMD) are trading lower Wednesday as the U.S. intensified semiconductor sanctions against China, followed by Presidential candidate Donald Trump’s attack against crucial contract chipmaker Taiwan Semiconductor Manufacturing Company (NYSE:TSM). The Biden administration is contemplating using the Foreign Direct Product Rule (FDPR), which allows it to impose controls on foreign-made products that incorporate even minimal amounts of American technology, Bloomberg reports. The U.S. has presented this possibility to officials in Tokyo and The Hague. Also Read: Nvidia’s Growth Soars Despite French Investiga
AMAT, AMD, AMKR, ARM, AVGO, KLAC, LRCX, MRVL, MU, NVDA, TSM
Super Micro Computer, Inc. (NASDAQ:SMCI), a Total IT Solution Provider for AI, Cloud, Storage and 5G/Edge, today announced financial results for its third quarter of fiscal year 2024 ended March 31, 2024. Third Quarter Fiscal Year 2024 Highlights Net sales of $3.85 billion versus $3.66 billion in the second quarter of fiscal year 2024 and $1.28 billion in the same quarter of last year. Gross margin of 15.5% versus 15.4% in the second quarter of fiscal year 2024 and 17.6% in the same quarter of last year. Net income of $402 million versus $296 million in the second quarter of fiscal year 2024 and $86 million in the same quarter of last year. Diluted net income per common share
Super Micro Computer, Inc. (NASDAQ:SMCI), a Total IT Solution Provider for AI, Cloud, Storage and 5G/Edge, today announced it will present a live audio webcast of a conference call to review its third quarter fiscal 2024 financial results on Tuesday, April 30, 2024 at 5:00 p.m. ET / 2:00 p.m. PT. The webcast will be available at https://ir.supermicro.com. A replay of the webcast will be available shortly after the call at the same website and will remain accessible for one year. About Super Micro Computer, Inc. Supermicro (NASDAQ:SMCI) is a global leader in Application-Optimized Total IT Solutions. Founded and operating in San Jose, California, Supermicro is committed to delivering
Super Micro Computer, Inc. (NASDAQ:SMCI), a Total IT Solution Provider for AI, Cloud, Storage and 5G/Edge, today announced financial results for its second quarter of fiscal year 2024 ended December 31, 2023. Second Quarter Fiscal Year 2024 Highlights Net sales of $3.66 billion versus $2.12 billion in the first quarter of fiscal year 2024 and $1.80 billion in the same quarter of last year. Gross margin of 15.4% versus 16.7% in the first quarter of fiscal year 2024 and 18.7% in the same quarter of last year. Net income of $296 million versus $157 million in the first quarter of fiscal year 2024 and $176 million in the same quarter of last year. Diluted net income per common sha
Expects to Exceed Prior Financial Guidance Supermicro, (NASDAQ:SMCI), a Total IT Solution Manufacturer for AI, Cloud, Storage and 5G/Edge, today announced preliminary financial results for the second quarter of fiscal year 2024, ended December 31, 2023. With a strong market and end customer demand for our rack-scale, AI and Total IT Solutions, Supermicro anticipates the following results: Expected Range Prior Guidance Net Sales $3.6B to $3.65B $2.7B to $2.9B GAAP diluted net income per common share $4.90 to $5.05 $3.75 to $4.24 Non-GAAP diluted net income per common share $5.40 to $5.55 $4.40 to $4.88
SC 13G/A – Super Micro Computer, Inc. (0001375365) (Subject)
SC 13G/A – Super Micro Computer, Inc. (0001375365) (Subject)
SC 13G/A – Super Micro Computer, Inc. (0001375365) (Subject)
SC 13G/A – Super Micro Computer, Inc. (0001375365) (Subject)
6-K – TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD (0001046179) (Filer)
6-K – TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD (0001046179) (Filer)
8-K – Super Micro Computer, Inc. (0001375365) (Filer)
6-K – TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD (0001046179) (Filer)
Needham reiterated coverage of Taiwan Semiconductor Manufacturing with a rating of Buy and set a new price target of $210.00 from $168.00 previously
Nomura downgraded Super Micro Computer from Buy to Neutral and set a new price target of $930.00
KeyBanc Capital Markets initiated coverage of Super Micro Computer with a rating of Sector Weight
TD Cowen reiterated coverage of Taiwan Semiconductor Manufacturing with a rating of Hold and set a new price target of $130.00 from $100.00 previously
Consistent Expansion, Technology Leadership, and Commitment to Excellence for Top-Tier Clients Propels USA Manufacturer Supermicro to the Nasdaq 100 Index Supermicro, Inc. (NASDAQ:SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, has been selected to join the renowned Nasdaq 100 Index, which tracks 100 of the largest non-financial companies listed on the Nasdaq, requiring companies to maintain a weighting of at least 0.1% of the index's value. After hitting record highs recently, the Nasdaq 100 index underscores a company's significant impact, profitability, and leadership. This press release features multimedia. View the full release here: https://www.businesswire
NEW YORK, July 12, 2024 (GLOBE NEWSWIRE) — Nasdaq (NASDAQ:NDAQ) today announced that Super Micro Computer Inc. (NASDAQ:SMCI), will become a component of the Nasdaq-100 Index® (NASDAQ:NDX) and the Nasdaq-100 Equal Weighted™ Index (NASDAQ:NDXE) prior to market open on Monday, July 22, 2024. Super Micro Computer Inc. will replace Walgreens Boots Alliance Inc. (NASDAQ:WBA) in the Nasdaq-100 Index® and the Nasdaq-100 Equal Weighted Index. Walgreens Boots Alliance Inc. will also be removed from the Nasdaq-100 Ex-Tech Sector™ Index (NASDAQ:NDXX), the Nasdaq-100 ESG™ Index (NASDAQ:NDXESG), and the Nasdaq-100 Sustainable ESG Select™ Index (NASDAQ:NDXSES) on the same date. Super Micro Computer Inc
Supermicro's Growing Portfolio of Green Computing Systems Supporting Artificial Intelligence, Top-Tier Customers, and Global Expansion Propels Supermicro to the S&P 500 Stock Index Super Micro Computer, Inc. (NASDAQ:SMCI), a Total IT Solution Provider for Cloud, AI/ML, Storage, and 5G/Edge, has been selected to join the Standard and Poor's 500 (S&P 500) Index, which tracks 500 of the most valuable companies traded on the U.S. stock exchanges. This index reflects a broad range of for-profit organizations that have demonstrated global value and are expected to be leaders in their respective segments over the following decades. This press release features multimedia. View the full release h
NEW YORK, March 1, 2024 /PRNewswire/ — S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed
4 – Super Micro Computer, Inc. (0001375365) (Issuer)
Consistent Expansion, Technology Leadership, and Commitment to Excellence for Top-Tier Clients Propels USA Manufacturer Supermicro to the Nasdaq 100 Index Supermicro, Inc. (NASDAQ:SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, has been selected to join the renowned Nasdaq 100 Index, which tracks 100 of the largest non-financial companies listed on the Nasdaq, requiring companies to maintain a weighting of at least 0.1% of the index's value. After hitting record highs recently, the Nasdaq 100 index underscores a company's significant impact, profitability, and leadership. This press release features multimedia. View the full release here: https://www.businesswire
NEW YORK, July 12, 2024 (GLOBE NEWSWIRE) — Nasdaq (NASDAQ:NDAQ) today announced that Super Micro Computer Inc. (NASDAQ:SMCI), will become a component of the Nasdaq-100 Index® (NASDAQ:NDX) and the Nasdaq-100 Equal Weighted™ Index (NASDAQ:NDXE) prior to market open on Monday, July 22, 2024. Super Micro Computer Inc. will replace Walgreens Boots Alliance Inc. (NASDAQ:WBA) in the Nasdaq-100 Index® and the Nasdaq-100 Equal Weighted Index. Walgreens Boots Alliance Inc. will also be removed from the Nasdaq-100 Ex-Tech Sector™ Index (NASDAQ:NDXX), the Nasdaq-100 ESG™ Index (NASDAQ:NDXESG), and the Nasdaq-100 Sustainable ESG Select™ Index (NASDAQ:NDXSES) on the same date. Super Micro Computer Inc
USA News Group Commentary Issued on behalf of Avant Technologies Inc. VANCOUVER, BC, July 10, 2024 /PRNewswire/ — USA News Group – With the rise of the artificial intelligence (AI) revolution, so too comes a massive increase in energy consumption, drawn by thousands of computers in data centers across the world. According to the International Energy Agency (IEA), global data center electricity demand will more than double from 2022 to 2026, with AI playing a major role in that increase. It's because of this, there is already skepticism growing over if AI's insatiable energy demand will jeopardize Big Tech's climate goals, as it wreaks havoc on global power systems. Working to address these
Expanded Manufacturing Footprint is Targeted to Bring Global Liquid-Cooled Rack Capacity to More than Double Today's 1,000 AI SuperClusters Shipped Per Month SAN JOSE, Calif., June 17, 2024 /PRNewswire/ — Supermicro, Inc. (NASDAQ:SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, continues to expand in Silicon Valley with new campuses as the demand for liquid-cooled data center increases. The new facilities will be part of the new liquid-cooled ecosystem, reducing the time needed to deliver to customers worldwide. These new facilities will focus on delivering entire plug-and-play liquid-cooled solutions, from systems to racks to water towers. With AI factories becoming
