Super Micro Computer Inc ($SMCI) Stock Forecast: Down 6.2% Today

What is Super Micro Computer Inc?

Super Micro Computer Inc. (SMCI) is a technology company that specializes in providing advanced server solutions. Today, SMCI experienced a strong bearish movement in the market.

Why is Super Micro Computer Inc going down?

SMCI stock is down 6.2% on Dec 19, 2024 15:46

• SMCI shares fell by 4.64% to $32.23 following the Federal Reserve's December meeting, indicating sensitivity to interest rate changes.
• Despite the recent drop, SMCI has historically outperformed the market with an average annual return of 25.31% over the past 10 years.
• The stock had a 2.06% spike in the current session but has been on a downward trend due to its impending removal from the Nasdaq 100 Index, leading to selling pressure.
• Rumors of SMCI tapping Evercore to raise capital and considering strategic moves might have added uncertainty, contributing to the bearish movement.

SMCI Price Chart

SMCI Technical Analysis

SMCI News

What's Going On With Super Micro Computer ( SMCI ) Stock? - Super Micro Computer ( NASDAQ:SMCI )

Super Micro Computer Inc SMCI shares fell 4.64% to $32.23 Wednesday following the Federal Reserve's December meeting. Growth-focused companies like SMCI are particularly sensitive to interest rate changes, as higher borrowing costs can dampen investment in technology infrastructure.

https://www.benzinga.com/trading-ideas/movers/24/12/42566941/whats-going-on-with-super-micro-computer-smci-stock-5

If You Invested $100 In This Stock 10 Years Ago, You Would Have This Much Today - Super Micro Computer ( NASDAQ:SMCI )

Super Micro Computer SMCI has outperformed the market over the past 10 years by 14.04% on an annualized basis producing an average annual return of 25.31%. Currently, Super Micro Computer has a market capitalization of $20.07 billion.

https://www.benzinga.com/insights/news/24/12/42535122/if-you-invested-100-in-this-stock-10-years-ago-you-would-have-this-much-today

P/E Ratio Insights for Super Micro Computer - Super Micro Computer ( NASDAQ:SMCI )

In the current session, the stock is trading at $34.13, after a 2.06% spike. Over the past month, Super Micro Computer Inc. SMCI stock increased by 18.29%, and in the past year, by 10.70%.

https://www.benzinga.com/insights/news/24/12/42531089/pe-ratio-insights-for-super-micro-computer

What's Going On With Super Micro Computer Shares Monday? - Super Micro Computer ( NASDAQ:SMCI )

Super Micro is expected to be removed from the Nasdaq 100 Index later this month. Palantir, MicroStrategy and Axon is anticipated to be added to the index. Get Monthly Picks of Market's Fastest Movers Super Micro Computer, Inc. SMCI stock is trading lower on Monday.

https://www.benzinga.com/trading-ideas/movers/24/12/42512402/whats-going-on-with-super-micro-computer-shares-monday

Super Micro Computer And Other Big Stocks Moving Lower In Monday's Pre-Market Session - Innventure ( NASDAQ:INV ) , Innovex International ( NYSE:INVX )

U.S. stock futures were slightly higher this morning, with the Nasdaq futures gaining around 0.2% points on Monday. Shares of Super Micro Computer, Inc. SMCI fell sharply in today's pre-market trading following reports suggesting the company tapped Evercore to raise capital and is considering ...

https://www.benzinga.com/trading-ideas/movers/24/12/42506977/super-micro-computer-and-other-big-stocks-moving-lower-in-mondays-pre-market-session

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Super Micro Computer Inc Price History

03.11.2024 - SMCI Stock was down 5.1%

• Despite being cleared of misconduct allegations by an independent review committee, SMCI stock had a strong bearish movement.
• Investor attention may have been diverted from SMCI due to the surge in ZJK Industrial Co. stock following collaboration with Nvidia.
• Market sentiment towards SMCI could have been influenced negatively by Bridgewater Associates offloading stake in AI giant Nvidia and adding positions in other tech companies like Apple.
• The bearish movement in SMCI stock could have been contributed by the overall tech sector volatility and the shifting investor preferences towards different tech stocks.

16.11.2024 - SMCI Stock was up 5.8%

• The rise in Super Micro Computer's stock price is linked to the upcoming removal from the Nasdaq 100 Index, anticipated later this month, with Palantir, MicroStrategy, and Axon slated to take its place.
• The company aims to raise funds through equity and debt, fuelling positive investor sentiment regarding its future growth potential.
• The expectation of being replaced in the index and the potential fundraising efforts may have contributed to heightened investor interest and buying activity, leading to the bullish movement in the stock.

11.11.2024 - SMCI Stock was down 11.2%

• Despite CEO Charles Liang's assurances, SMCI saw a sizable 7.18% drop in pre-market trading.
• The stock has displayed volatility despite strong long-term performance, boasting a market capitalization of $23.90 billion.
• Analysts suggest that the recent decline could be linked to worries over the company's accounting challenges and general market sentiment.
• SMCI's positive momentum, sparked by favorable updates on its accounting concerns, may have reversed due to profit-taking or broader market factors.

11.11.2024 - SMCI Stock was down 7.2%

• Despite assurances from CEO Charles Liang, SMCI stock experienced a 7.18% drop in pre-market trading, pointing to investor concerns.
• The uncertainty around SMCI's inclusion in the Nasdaq 100 Index likely contributed to the negative market sentiment.
• While SMCI has shown strong historical performance with an annualized return of 27.15% over 15 years, the recent volatility in the tech industry is apparent in its stock movement.
• Investors are closely watching SMCI's performance and its potential position in the Nasdaq 100 Index for future implications, as indicated by the market reaction to the company's recent trajectory.

12.11.2024 - SMCI Stock was up 5.4%

• Despite maintaining an 'Underweight' rating on SMCI with a reaffirmed $23 price target, the stock saw a bullish movement, indicating potential investor optimism beyond analyst predictions.
• The uncertainty surrounding SMCI's position on the Nasdaq 100 Index may have initially caused some volatility in the stock, but the bullish movement suggests that investors may be optimistic about the company's future prospects.
• The drop in pre-market trading, despite CEO Charles Liang's reassurances against delisting, could have been a temporary market reaction, with investors ultimately showing confidence in the company's stability.
• SMCI's long-term outperformance compared to the market over the past 15 years highlights the company's historical strength and potential for growth, which could have contributed to today's bullish movement.

05.11.2024 - SMCI Stock was up 5.3%

• SMCI stock surged by 25% following the release of findings from an internal investigation, which concluded there was no evidence of misconduct or fraud involving its management or board. This positive news likely boosted investor confidence in the company.
• Unusual options activity on SMCI indicated a bullish stance taken by investors with significant capital, further driving up the stock price.
• The collaboration progress announcement between ZJK Industrial and Nvidia may have also positively impacted sentiment in the tech sector, indirectly benefiting SMCI.
• Overall, the combination of a favorable internal investigation outcome and bullish investor sentiment contributed to the significant bullish movement in SMCI stock today.

10.11.2024 - SMCI Stock was down 8.9%

• SMCI stock had been on a bullish trend recently, doubling in value over the last month due to positive news surrounding its accounting troubles.
• The stock dropped significantly by more than 44% over the past six months, despite its recent surge, which could be attributed to profit-taking or market correction.
• The company's announcement of an extension to file overdue reports by Feb. 25 may have initially boosted investor confidence, but the overall market sentiment today led to a bearish movement in the stock price.
• The internal investigation findings of no misconduct or fraud could have provided some support, but broader market conditions likely overshadowed this positive news, resulting in the bearish movement.

13.11.2024 - SMCI Stock was down 6.7%

• Despite positive developments from an internal investigation and CEO assurances, SMCI stock saw a notable decrease.
• JPMorgan's 'Underweight' rating on SMCI with a low price target could have influenced the bearish market performance.
• Speculation about SMCI's potential delisting from the Nasdaq 100 Index may have added to investor worries and the downward trend.
• The optimism from investors on SMCI options did not seem to counterbalance the negative outlook from analysts and the market, resulting in the stock price decline.

04.11.2024 - SMCI Stock was down 7.8%

• The unusual options activity showing a bullish stance on SMCI might have initially created some positive sentiment, but it did not translate into sustained market confidence.
• The collaboration progress announcement between ZJK Industrial and Nvidia could have diverted investor attention towards other tech companies, leading to a shift away from SMCI.
• Despite being cleared of misconduct allegations, the market movement for SMCI could be influenced by broader market trends or sector-specific factors impacting investor sentiment.
• Ray Dalio's Bridgewater Associates adding SMCI in Q3 could have initially boosted the stock, but the subsequent offloading of stake in AI giant Nvidia and other big tech companies might have triggered a bearish sentiment in the market.

06.11.2024 - SMCI Stock was up 5.1%

• SMCI shares surged by 15% to $43.58 following the release of findings from an internal investigation that cleared the company's management and board of any misconduct or fraud, instilling confidence in investors.
• Unusual bullish options activity on SMCI indicates that investors with significant capital are taking a positive stance on the company, further driving up the stock price.
• The positive sentiment towards SMCI could also be influenced by the collaboration progress between ZJK Industrial and Nvidia, which boosted ZJK stock, potentially creating a ripple effect in the tech sector and benefiting SMCI as well.

19.11.2024 - SMCI Stock was down 6.2%

• SMCI shares fell by 4.64% to $32.23 following the Federal Reserve's December meeting, indicating sensitivity to interest rate changes.
• Despite the recent drop, SMCI has historically outperformed the market with an average annual return of 25.31% over the past 10 years.
• The stock had a 2.06% spike in the current session but has been on a downward trend due to its impending removal from the Nasdaq 100 Index, leading to selling pressure.
• Rumors of SMCI tapping Evercore to raise capital and considering strategic moves might have added uncertainty, contributing to the bearish movement.

16.11.2024 - SMCI Stock was up 6.1%

• The company had a strong bullish movement.
• Super Micro Computer Inc. is looking to raise capital through equity and debt, potentially boosting investor sentiment.
• Market whales are optimistic about SMCI options, suggesting confidence in the company's future.
• The impending reconstitution of the Nasdaq 100 index, leading to the exit of Super Micro Computer Inc., may have influenced heightened trading activity and volatility in the stock.