Super Micro’s Massive Surge Ends With Biggest Drop Since August
- The maker of servers remains up more than 180% this year
- The company is expected to be a major winner of AI spending
This article is for subscribers only.
Super Micro Computer Inc.’s lengthy rally came to a shuddering halt on Friday, with a selloff that derailed what had looked to be the server maker’s best week on record.
Shares fell 20%, their biggest one-day percentage drop since August. The decline comes in the wake of a nine-session run of gains, the longest such streak for the stock since 2016. Even with the day’s selloff, however, the stock rose 8.5% for the week.