Super Micro Computer and Nvidia Stocks Plummet

Super Micro Computer's Stock Tumbles, Nvidia Feels the Heat

Super Micro Computer saw its stock plunge 23% this Friday, sending shockwaves through Wall Street. The dive came on the heels of the company's announcement regarding its Q3 earnings report, set for April 30. Unlike last year, the company opted not to preannounce its earnings, a move that has left investors and analysts wary of the strength of the forthcoming earnings report. The previous practice of earnings preannouncement, typically done when results significantly surpass Wall Street consensus estimates, set high expectations that were unmet this time around.