Super Micro Computer (SMCI) and Nvidia (NVDA) experienced significant stock declines, leading a broad-based tech selloff. SMCI shares plummeted by 25% after the company announced its Q3 earnings date without preliminary estimates, diverging from its usual practice of pre-announcing results. This unexpected move led to its worst trading day in two months. Concurrently, Nvidia saw a substantial drop, with its shares falling below $800 for the first time since March 1, marking a 20% decline from its March high and a daily loss of 10%. The broader tech sector faced downward pressure, contributing to a notable reduction in market capitalization for both companies.
Nvidia $NVDA suffers largest daily loss since March 16, 2020 https://t.co/5oY2TyM1aD
Did something change with $NVDA justifying this drop? If so, I'm guessing we go into a bear market. Or is this a correction because it ran up too fast? In that case I'm guessing we snap back and $NVDA goes to all time highs in no time. I have no clue. I guess huge tech cosβ¦
Did Supermicro just rug all the AI stocks? Or is the first wave of AI chip rally reach the end?
Super Micro Computer and Nvidia plummeted on Friday, with the two AI favorites leading a broad-based tech selloff: Hereβs your Evening Briefing https://t.co/2SlPB3gD8T
The Fast rundown: $NVDA and the semiconductor space under major pressure in today's session, with broader tech struggling as well. @timseymour @grassosteve @Bonawyn @Michael_Khouw https://t.co/JqSx8D4jV3
$SMCI -23.1% $NVDA - 10.0% $META -4.1% Market determined that AI is no longer going to be a thing
Super Micro Computer and Nvidia plummeted on Friday, with the two AI favorites leading a broad-based tech selloff. Tom Giles has more https://t.co/xKgKrGxYdt https://t.co/Q2J4PrXB38
Nvidia sees second-worst daily market-cap loss of any U.S. company: $212 billion https://t.co/9dtPiwb6fK
Nvidia $NVDA just had its worst day since March 2020 Final heat map of the S&P 500's $SPY performance from today https://t.co/u9tegAKIun
Super Micro leads tech selloff as AI winners slump sharply https://t.co/VAP9pTIof0 via @business π» $SMCI -23.14% https://t.co/QrglwTWCVQ
$NVDA down -10% today. Can we see $500 by the end of the month April ? https://t.co/KnJfVgs2SK
The Magnificent 7 stocks lost $950 billion in market cap this week, their largest weekly loss on record.
$SMCI down ~40% in last 30 days... $NVDA $ARM $AMD $TSM https://t.co/pexdE4DO1q
NVDA -10% today, down 22% from highs. Welcome to the bear market
$NVDA lost a Conoco $COP and 2 Diamondbacks $FANG of market cap today for those keeping track
$SMCI -22% the H&S reversal playing out https://t.co/Pq8nRlP2HR
Worst day for $NVDA since 2020
SMCI to announce its Q3 FY 24 results on Tuesday, 30th April 2024. $SMCI: -23% today. https://t.co/PuESUZOKyk
BREAKING: The Magnificent 7 stocks have erased $400 BILLION of market cap today alone. Nvidia, $NVDA, accounts for HALF of today's losses with a $200 billion downswing in market cap. The S&P 500 is just 4% away from entering correction territory. What's happening with big⦠https://t.co/lvfFRTb5ze
$SMCI damn almost back to 700. 23% haircut because company announced earnings date. I guess folks were expecting pre earnings updates like company did earlier this year.
*NVIDIA SHARES EXTEND DROP TO 10%, ERASING $212 BILLION IN VALUE
NVIDIA SHARES EXTEND DROP TO 10%, ERASING $212 BILLION IN VALUE
Super Micro Computer stock crashes 23%, drags down AI darling Nvidia after it doesn't preannounce earnings https://t.co/ueuueKd1qJ
$NVDA $SMCI Is the AI 'bubble' popping or are you buying these dips?
$NVDA locked for 1/2 again for 500%+ profits still holding positions, will hold over the weekend down very fast, possible bounce technically. https://t.co/mXaXWOas7o
Nvidiaβs stock plunge leads 'Magnificent Seven' to record weekly market-cap loss https://t.co/MAht8AuSli
$SMCI Trading like itβs missed EPS by a wide shot Down 25%!! Cut down half from itβs highs
Nvidiaβs stock plunge leads Magnificent Seven to record weekly market-cap loss https://t.co/bd33tjo5hA
AI - Super Micro Computer off close to 30% from the week $SMCI came to market and said βyoursβ - CFOs are the best sellers. https://t.co/fk6rEiSHCR
$nvda in bear zone https://t.co/uv3oPPj45D
$NVDA NVIDIA DOWN OVER 7%, ON PACE FOR LARGEST PERCENT DECREASE SINCE DECEMBER 2022
$NVDA $AMD $SMCI $ARM $MU $DELL high fliers taking the big hit with market in doldrums
Where does $NVDA market cap loss today ranked up there with all-time single day market cap losses? I'm guessing gotta be top-5 if not numero uno
$NVDA collapsing https://t.co/wc5CuQUOOU
Bear market for $nvda https://t.co/lKXTSc9uTO
JUST IN: NVIDIA is now down 20% from its all-time high in March
$NVDA want this close below 785 or 780 today! https://t.co/azY6hRKISA
BREAKING π¨: Nvidia $NVDA falls below $800 for the first time since March 1 https://t.co/cj24pthJzM
Nvidia $NVDA is now back under $800 and back below a $2 Trillion market cap https://t.co/Qk2593w2c2
$NVDA selling to new lows, down 6%
$NVDA will hold the rest over the weekend DC on daily + BB opening downward + increased in vol possible 740 by EOM 810 800-897 785 775-771 745-742 690-688 https://t.co/xWDAePCp9U
BREAKING π¨: Super Micro Computer $SMCI https://t.co/oBkItgTDKY
$NVDA fell below the 50-day today, as momentum reverses π https://t.co/vehTM7RvXg
Big Tech stocks are slumping, with Nvidia down almost 5% https://t.co/QrUcQUpSGB
NVIDIA's $NVDA drawdown extends to -15% after another 4% decline today (as of 12:40 AM ET).
BREAKING: The S&P 500 is now down 300 points from its March 28th all time high as tech stocks fall sharply. Since March 28th, the S&P 500 has now erased $2.5 TRILLION in market cap. Chip stocks are down sharply with Nvidia, $NVDA, now down 20% from its all time high. This is⦠https://t.co/v87nm70Lg5
Super Micro plunges as investors rotate out of red-hot AI stock ahead of earnings later this month https://t.co/h0sUDqePwu
$NVDA so far 50%+ next week p positions very possible go 100%+ https://t.co/Zz36Cll32V
$NVDA entering sub 800βs in 3β¦.2β¦.
Pretty incredible move in $SMCI, it's down more today (after announcing an earnings date, not pre-announcing earns), than what options are pricing for their newly announced earnings date, down 19% today, options pricing 18% for earnings expiry: https://t.co/MMyNFVtcrV
$NVDA need to break below 796 https://t.co/vbWUWfkY8B
$NVDA locked all for 300%+ holding from ystd https://t.co/sbx85siqb2
$NVDA target 745-740 https://t.co/hptO20n0wI
Super Micro shares are having their worst day in months β hereβs why https://t.co/k8yUyE1bIT
Why Super Microβs stock is tumbling toward its worst day in two months https://t.co/cCg2IsoXvI
I expected an $SMCI selloff as they had pre-guided higher in 7 out of the last 8 quarters, but down 18% already??? Wow. $NVDA $AMD $VRT https://t.co/yRdvfjBpCW
Super Micro Computer shares are seeing their biggest drop in about two months on Friday, after the maker of servers announced the date of its third-quarter results but didnβt pre-announce results. https://t.co/0wKgLwSTp7
High-flying stocks need to raise earnings guidance to avoid stock selloffs but this $SMCI might be a first for me, down 13% merely because they didnβt positively preannounce earnings when announcing the date of their earnings report.
Super Micro Stock Dives as It Skips Preannouncement for Earnings https://t.co/f092Zk696E
$NVDA if below 818 for sure then will go down bit key close below 810, the best - close below 800 today https://t.co/mkFbdI858i
$SMCI -14%. No + pre. SMCI preannounced sales 7 of 8 last Q. Pairs trade wasn't necesssarly 1 or 2 Q but SMCI was likely to lose share (w margin pressure) over time. Btw AI data only improving. SMCI still unlikely to be face of AI but +tive sum. Many others will play that role. https://t.co/G8vQJhk4fJ https://t.co/pP9tYjM9Cj
AI Trends - Super Micro Computer March 8, Candle High: $1229 This AM: $875 *Five closes below the 50-day moving average, if $SMCI closes here most since Dec, leadership is fleeting.
$SMCI will report on 4/30/24 (5pm ET)...but no impressive pre-release numbers this time https://t.co/iprY9zXjqe
*SUPER MICRO SHARES FALL 5% IN PREMARKET TRADING
Super Micro Computer shares are trading lower. The company announced its Q3 earnings date and did not provide preliminary estimates as it did with Q2. - Benzinga $SMCI $NVDA
Supermicro to Announce Third Quarter Fiscal 2024 Earnings on April 30, 2024 Seems like this causing the drop No pre er announcement
Nvidia $NVDA has entered a technical correction after declining more than 10% from its recent all-time high https://t.co/Yzcu87rwdW
$NVDA lets close below 810 today then open below 800 tomorrow at open https://t.co/I5IvLhQTXE
$NVDA - coming off 824 $SPY $DIS $AVGO https://t.co/TPngumGSoA https://t.co/7iY9ImO2IY
$NVDA locked all for profits 350%+ https://t.co/NT6lRRWplG
Watching ~825 on $NVDA for next broader low
$NVDA $TSLA eye on these