Super Micro Computer (NASDAQ:SMCI) stock slide leaves AI orders worth twice its market value
Super Micro Computer, Inc. enters Tuesday’s regular U.S. session with a sharp split in the numbers: $39 billion of recent AI server orders, a $19.5 billion market value, and a stock price now sitting only 2.4% above the price of its latest underwritten common-share sale. The shares closed Monday at $28.15, down 8.1%, on volume of 91.16 million shares, or 184% of the 65-day average. The fall was not a chip-sector trade. The Nasdaq Composite rose 2.1% Monday and the S&P 500 rose 1.2%, according to AP. The iShares Semiconductor ETF was last up 4.0% in available quote data.