On June 9, Super Micro Computer fell 5.02% in after-hours trading, trading at $38.25/share, with trading volume of $244 million. The stock has experienced multiple declines exceeding 5% within the past week, accumulating significant losses.
On the news front, the broader technology sector selloff continued after Broadcom released disappointing guidance, while rising bond yields further pressured high-valuation tech names. The Nasdaq Composite recorded its worst weekly performance in over a year. On the fundamental side, Super Micro Computer reported third fiscal quarter revenue of $10.2 billion, representing 123% year-over-year growth but falling short of the market consensus estimate of $12.39 billion, primarily due to component shortages and customer site preparation delays.
Within the Technology Hardware, Storage & Peripherals sector, individual stocks showed mixed performance. Among peers, SanDisk Corp. up 0.39%, Apple up 0.21%, Dell Technologies Inc. down 0.17%, Western Digital down 0.02%, Seagate Technology PLC down 0.12%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)