HawkInsight

  • Contact Us
  • App
  • English

Super Micro, NVIDIA lead AI Tech Stocks Plunge

Shares of Super Micro Computer and Nvidia fell sharply amid the AI tech stock frenzy, triggering market turmoil in the overall tech sector.

In the frenzy of AI technology stocks, the significant declines in shares of Super Micro Computer Inc. (SMCI) and NVIDIA (NVDA) have triggered market turmoil across the tech sector.

On April 19th, both Super Micro Computer Inc. and NVIDIA experienced substantial drops in their stock prices, causing unease in the overall tech stock market. Super Micro Computer Inc. saw a 23% decline in its stock price, marking its largest drop since August of last year, while NVIDIA's stock price also fell by 10%, its biggest single-day drop since the outbreak of the pandemic in 2020.

However, despite Super Micro Computer Inc.'s decline of around 40% since March, it has still risen by 151% year-to-date, while NVIDIA's stock price has surged by over 50%.

Market analysts point out that the previous rally in AI-related stocks may have been overly optimistic, and the market is currently undergoing a significant correction. The failure of Super Micro Computer Inc. to release positive news ahead of time is seen as a negative factor. Additionally, geopolitical risks have also put pressure on tech stocks, with the Nasdaq 100 index falling for the fourth consecutive week.

    Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.