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Amit Singh

BIZARRE: Super micro computer stock you ll regret not buying the dip | Mind Blowing Facts

Super Micro Super Micro Computer SMCI Nvidia

Shares of Super Micro Computer (SMCI) took a significant hit on Aug. 7, closing over 20% lower. This drop in Super Micro stock followed the company’s lower-than-expected earnings for its fourth quarter (Q4) of fiscal 2024.

SMCI stock is now down approximately 60% from its 52-week high of $1,229, reflecting a broader sell-off in tech stocks amid challenging macroeconomic conditions and growing competition, which could impact its margins.

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