Super Micro Computer, Inc. (SMCI) experienced a significant drop in its stock price, falling over 14% and down over $100 following the announcement of its Q3 earnings report date scheduled for April 30th. This decline occurred despite the absence of any preliminary earnings release, which had been a common practice in several of the company's recent quarters. Historically, SMCI had preannounced sales figures approximately two weeks ahead of its earnings, often leading to positive market reactions. However, this quarter, the company did not issue any impressive pre-release numbers, contributing to the stock's downturn. The last notable trading price for SMCI was around the $800 mark, a level not seen since February.
There were people who thought $SMCI would never see sub $800 again Last time it traded around this price was in Feb Down -14% today I’d go long at $670s at the 20MA https://t.co/8LTgoqi73O
$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
⚠️ JUST IN: *SUPER MICRO COMPUTER STOCK TANKS ON EARNINGS DATE ANNOUNCEMENT $SMCI https://t.co/hjT3pxGjGl
$NVDA holding p positions next week
$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
$SMCI now down 14%... $NVDA $AMD $VRT https://t.co/XdI5v3olyQ
$SMCI now down 14%... https://t.co/Y2iZ2djCgb
$SMCI is now down 12% after the company announced that they are going to report Q3 earnings on April 30th. → No news is the News for the sell-off. In several of its most recent quarters, the company issued preliminary numbers about 2 weeks ahead of earnings, but now the market… https://t.co/3yPKkv0JO2
$SMCI announced they will report earnings on April 30th The stock - for some reason - tanked following the release of that news 🧐 https://t.co/hklorLaYFB
$SMCI down over 100 bucks on earnings date announcement.
$SMCI will report on 4/30/24 (5pm ET)...but no impressive pre-release numbers this time https://t.co/iprY9zXjqe
$SMCI will report on 5/2/24...but no impressive pre-release numbers this time
what hit $SMCI ? https://t.co/YTRKESCk9u
This is a total longshot thought. Last quarter, SMCI was scheduled to report on 1/30 and they preannounced better than expected earnings on Thursday 1/18 after the close. This quarter, they are scheduled to report on 4/30. Could lightening strike twice with an announcement…
KEEP AN EYE ON $SMCI AFTERHOURS THEY MIGHT ANNOUNCE SOMETHING 👀
$SMCI locked the rest for profits
Did u get the hint? $smci https://t.co/PbK7PlkfE6
$smci strong https://t.co/3RNiFlo65K