SMCI — Super Micro Computer, Inc. - Common Stock
Session close: $27.79. Regular-session share volume: 29,164,446. Change from previous close: -2.83%.
Key developments
Super Micro's latest quarter showed revenue nearly quadrupling, but operating cash flow turned negative as receivables and inventory ballooned, a cash drain that weighed on shares.
Company news Super Micro Computer Stocks Fall 2.01% as Cash Drain Shadows Fourfold Sales Jump
Shares also fell amid renewed concerns over Nvidia and potential China-related export-control violations. A Super Micro contractor pleaded guilty in October to charges tied to an alleged scheme to divert restricted AI servers to China; the company terminated him earlier this year. Susquehanna maintained a Negative rating while raising its price target.
Company news Why Is SMCI Stock Falling on Tuesday? · Company mentioned — Mentions SMCI in the article text. Nvidia To $300? Here Are 10 Top Analyst Forecasts For Tuesday
Offsetting context: Zacks added Super Micro to its Strong Buy list and to its value stocks list, while options activity included a bullish put trade in the name.
Market context — Mentions SMCI in the article text. New Strong Buy Stocks for November 10th · Market context — Mentions SMCI in the article text. Best Value Stocks to Buy for November 10th · Market context — Mentions SMCI in the article text. 10 Information Technology Stocks Whale Activity In Today’s Session
News sources
Company news Super Micro Computer Stocks Fall 2.01% as Cash Drain Shadows Fourfold Sales Jump · Company news Why Is SMCI Stock Falling on Tuesday? · Company news Susquehanna Maintains Negative on Super Micro Computer, Raises Price Target to $18