Super Micro Stock Falls. Why SMCI Is Losing Momentum. -- Barrons.com
By Callum Keown
Super Micro Computer stock fell early Thursday as the artificial-intelligence server maker's recent momentum looked set to stall.
The shares, trading under the ticker SMCI, pointed 0.4% lower ahead of the open after jumping more than 15% over the previous two sessions.
But the slip may be nothing too concerning for investors -- it's largely in line with broader market sentiment as futures on the tech-heavy Nasdaq Composite declined 0.1%. The stock is up 39% in 2025, the second-best performer in the S&P 500 over that period behind only CVS Health. In comparison the index has fallen 4.8% this year.
This week has shown the stock's resilience -- the shares have jumped in the past two sessions both with and without the support of broader tech rebound.
If Super Micro can turn it around and rise for a third consecutive day it could bode well for hopes that the stock might get closer to its 2025 high of around $60.
Write to Callum Keown at callum.keown@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
March 13, 2025 07:19 ET (11:19 GMT)
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