
Super Micro Computer (SMCI) and Nvidia (NVDA) experienced significant stock declines, leading a broad-based tech selloff. SMCI shares plummeted by 25% after the company announced its Q3 earnings date without preliminary estimates, diverging from its usual practice of pre-announcing results. This unexpected move led to its worst trading day in two months. Concurrently, Nvidia saw a substantial drop, with its shares falling below $800 for the first time since March 1, marking a 20% decline from its March high and a daily loss of 10%. The broader tech sector faced downward pressure, contributing to a notable reduction in market capitalization for both companies.





Nvidia $NVDA suffers largest daily loss since March 16, 2020 https://t.co/5oY2TyM1aD
Did something change with $NVDA justifying this drop? If so, I'm guessing we go into a bear market. Or is this a correction because it ran up too fast? In that case I'm guessing we snap back and $NVDA goes to all time highs in no time. I have no clue. I guess huge tech cos…
Did Supermicro just rug all the AI stocks? Or is the first wave of AI chip rally reach the end?