Why Super Micro Computer Stock Is Sinking Today

Super Micro Computer (NASDAQ: SMCI) stock is seeing a significant pullback in Monday's trading. The server specialist's share price was down 3.8% as of 12:45 p.m. ET. At the same point in the day's trading, the S&P 500 was up 0.2% and the Nasdaq Composite was down 0.3%. The stock had been down as much as 10.4% earlier in trading.Supermicro stock is seeing a pullback in conjunction with bearish momentum for artificial intelligence (AI) stocks -- as investors appear to be feeling a bit jumpy ahead of Nvidia's earnings on Wednesday. Investors are also likely feeling the jitters due to a major update from Supermicro that's slated for tomorrow.Tech stocks are continuing a slide that started late in last week's trading as investors weigh macroeconomic risks and the significance of Nvidia's upcoming fourth-quarter report. The AI leader's performance in the period and forward guidance could trigger big movement for the stock market at large.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool