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Why Super Micro Computer Stock Is Plummeting Again Today [Yahoo! Finance]
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Supermicro has already been struggling with accounting problems, delayed financial filings, and other difficulties, and now it seems a major new competitor is moving in on its turf. With its quarterly report and conference call yesterday, Cisco announced that it plans to enter the AI server market. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » After the market closed yesterday, Cisco published results for the first quarter of its current fiscal year, which ended Oct. 26. Investors weren't thrilled with the results, and the company's share price has dipped in today's trading, but the networking giant did surprise Wall Street by announcing that it will be entering the high-performance server market. That's not good news for Supermicro. Prior to its recent stumbles, Supermicro has enjoyed a dominant position in the high-end server market tailored for artificial intelligence ( AI ) use cases. But following missed regulat
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- Super Micro Computer Stock Sank Again Today -- Is the Beaten-Down AI Stock Cheap Enough to Buy Now? [Yahoo! Finance][Yahoo! Finance]
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