Super Micro Stock Slides as AI Server Boom Meets Lawsuit Deadline
Super Micro shares fell 2.2% to $34.60 in midday trading Monday as investors focused on a May 26 deadline for lead plaintiff motions in a securities class action. The company last week forecast full-year sales above expectations, but concerns remain over cash use and export-control risks. Trading volume reached 28.2 million shares. Peers Dell and HPE also declined, while Nvidia gained.