News Score: Score the News, Sort the News, Rewrite the Headlines

Super Micro (SMCI) Stock Falls After Reporting Lackluster Sales

Super Micro Computer Inc. shares dropped after lowering its fiscal year sales forecast, suggesting the company continues to face uneven uptake of powerful AI servers amid a shift to products based on new Nvidia Corp. chips.The company said Tuesday that revenue in the year ending in June 2026 will be at least $33 billion. In February, Super Micro offered a bullish long-term outlook because of demand for AI products, saying sales will be $40 billion — then almost twice as much as analysts’ estimat...

Read more at bloomberg.com

© News Score  score the news, sort the news, rewrite the headlines