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Super Micro Computer ($SMCI) reported earnings after the markets closed, with an EPS beat by 65c but a revenue miss. The company raised its Q4 guidance and saw significant growth in net sales and net income. Institutional holders decreased their positions in Q1. After-hours trading saw the stock initially rise but then fall, with a 15.6% drop. AMD ($AMD) also reported earnings, with strong data center revenue growth but a decline in gaming revenue. The stock fell after its AI sales forecast failed to impress investors.
AI server maker Super Micro’s 200% revenue growth wasn’t enough for investors as stock falls https://t.co/Fo6HxMFlMf @SiliconANGLE @Mike_Wheatley “But today’s investor reaction is a sharp reminder that even in the middle of a boom, you need...” - @holgermu https://t.co/F0mbCNGaQm
Analysts revise SuperMicro stock price target after earnings https://t.co/yozYJWbBt8
.@AMD’s stock falls after revised AI revenue outlook falls short of expectations https://t.co/rVLpZDMBZO @SiliconANGLE @Mike_Wheatley “The question is whether or not those declines are cyclical, or if AMD is maybe focusing a little too much on AI, at the...” - @holgermu https://t.co/S7F2tY0hyN