Super Micro Stock Plummets Over 14%, Down $100 on Earnings Date

Super Micro Computer, Inc. (SMCI) experienced a significant drop in its stock price, falling over 14% and down over $100 following the announcement of its Q3 earnings report date scheduled for April 30th. This decline occurred despite the absence of any preliminary earnings release, which had been a common practice in several of the company's recent quarters. Historically, SMCI had preannounced sales figures approximately two weeks ahead of its earnings, often leading to positive market reactions. However, this quarter, the company did not issue any impressive pre-release numbers, contributing to the stock's downturn. The last notable trading price for SMCI was around the $800 mark, a level not seen since February.