By Adam Clark
Super Micro Computer shares were slipping early on Thursday. The server maker is drifting as the artificial-intelligence trade loses momentum.
Super Micro shares were down 3.3% to $37.62 in premarket trading. The stock fell 0.6% the previous day.
The move was broadly in line with the wider market, with futures tracking the S&P 500 index falling 1.1%. Stocks seen as AI plays were particularly suffering, with chip maker Marvell Technology falling 16% after it provided an outlook for the current quarter that disappointed investors.
Super Micro is still notably down from the highs reached last week when it avoided delisting and met its compliance deadline for submitting financial filings.
Despite the uncertainty about the company's accounting, Super Micro has become a popular AI trade among retail investors, including those using leveraged single-stock funds. That has made the stock's moves notably volatile.
Write to Adam Clark at adam.clark@barrons.com
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(END) Dow Jones Newswires
March 06, 2025 06:47 ET (11:47 GMT)
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