Shares of Advanced Micro Devices (AMD) and Super Micro Computer (SMCI) plunged after their earnings fell short of high AI expectations. AMD plans to sell $4 billion in AI chips this year. Super Micro's weak guidance overshadowed a Q3 earnings beat, causing a 15% stock tumble.
$SMCI Not a great report, but not bad. Just up huge for the last year. Gap above the 8D if semis run. Watch the downtrend as well. 100D support https://t.co/KYCGRMDL4u
$SMCI lets go!!
$SMCI $800 almost https://t.co/kHR5GQXmvx
$SMCI pounded from the open https://t.co/lxUr1ErC9E
$SMCI watching the 749ish level next
Get up to speed on Super Micro Computer's earnings in a ⚡️ https://t.co/1y7jbBubeq $SMCI 🎙️ @DrillDownPod #DrillDownEarnings @FuturumGroup #DDE #Super Micro Computer
⚠️ JUST IN: *AMD SHARES DIVE 9% AS AI CHIP REVENUE FORECAST FAILS TO IMPRESS $AMD https://t.co/oCJR9Biwow
BREAKING: Super Micro Computer stock, $SMCI, extends losses to 17% on the day and 20% this week. This comes after the chip maker reported lower than expected Q1 2024 revenue of $3.85 billion. $SMCI is now 42% below its all time high and has erased $20 billion in market cap over… https://t.co/RJi0ULadYg
$smci run down and some recovery https://t.co/CvzJ9DMSaT
⚠️ AI-RELATED STOCKS PLUNGE $NVDA: -5.30% $AMD: -9.60% $SMCI: -16.18%
AMD, Super Micro shares tumble as earnings fall short of lofty AI expectations https://t.co/Z6WEQHcW39
$SMH not a good day for the semi's $SMCI $AMD $NVDA getting hit hard
$SMCI just hit $700. Down 18%. $NVDA down almost 5%.
🚨 $SMCI $NVDA Shorts So Far so Good! (see morning tweet) $AMD longs at open faked out but solid movers on Short Side now Voice Guidance @TENETTRADEGROUP https://t.co/ZPkCRaype6 https://t.co/riNW4tppDJ
I am now bull on $SMCI at 699. If drops to 650 I will add. Target is 770-810.
OMG 😱 $SMCI 700 is trading . I became bear at 900 in my FREE newsletter. Link in bio. https://t.co/6TknhkoWqG
AMD, Super Micro tumble as earnings fall short of lofty AI expectations $AMD -6.9% $NVDA -2.4% $SMCI -15.6% https://t.co/ye4DhaL8P8
⚠️ JUST IN: *SUPER MICRO COMPUTER STOCK TUMBLES 15% AS WEAK GUIDANCE OVERSHADOWS Q3 EARNINGS BEAT $SMCI https://t.co/4rKAXuCia6
$SMCI one ugly looking chart. With that said I wouldn’t be surprised we bounce back to $800ish as a dead cat. I think fair value for this stock based on my GIG indicator is closer to $550-600 at the end of the day.
$SMCI (-9.4% pre) Super Micro Stumbles After Missing Market’s High Expectations https://t.co/9oYOlA9UHa
$AMD (-6.2% pre) AMD says it will sell $4 billion in AI chips this year; stock drops on in-line forecast https://t.co/BaUKVeCZhg
Is there a bottom in sight for $SMCI? Yes. I think as we approach the week of 5/20, and stock reaches 650-680, there could be room for bounce back above $710. It’s $740 now after we became bear at $900.
⚠️ AMD, SUPER MICRO TUMBLE AS EARNINGS FALL SHORT OF LOFTY AI EXPECTATIONS Full Story → https://t.co/z0KvqW4fz6 Shares of Advanced Micro Devices and Super Micro Computer sank on Wednesday, sparking a selloff in chip stocks, after their earnings disappointed investors who have… https://t.co/9fYhvD57b7
Super Micro Computer $SMCI stock plummeted by as much as 25% in after-hours trading, before rebounding, following a disappointing earnings report, revealing a revenue miss and slowing quarterly growth. Guidance for the year, however, beat. The market's jittery state (higher… https://t.co/hOs51guJxK