What's Going On With Super Micro Computer Stock On Thursday?

Quick Summary:

Artificial intelligence server company Super Micro Computer, Inc (NASDAQ:SMCI) stock is trading lower Thursday in sympathy with the broader semiconductor selloff led by its clients, including Nvidia Corp (NASDAQ:NVDA) and Advanced Micro Devices, Inc (NASDAQ:AMD).

Despite the selloff, analysts continue to hail Nvidia as the critical AI play, implying the continued potential for the AI frenzy.

The selloff has rendered the valuation of the semiconductor companies as more attractive entry points.

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Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United StatesTaiwan

Topics: News Benzinga SMCI AMZN Tech US0231351067 Stories That Matter BZ Data Project US67066G1040 US86800U1043 Top Stories US73935A1043 Stock Battles NVDA US0079031078 US78462F1030 META AMD SPY Media QQQ Briefs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-22 @ 17:53:20 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 336 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 22213751

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