Tech Selloff: Super Micro's Plunge Sends Nvidia and AI Stocks Tumbling

TL;DR Summary
Nvidia and other AI-related stocks experienced a significant drop after Super Micro Computer failed to provide preliminary results and guidance for its upcoming earnings report, causing Nvidia's shares to plummet by 10%. This decline also affected other AI chipmakers and related companies, including Advanced Micro Devices, Arm Holdings, Astera Labs, Broadcom, Marvell Technology, and Micron Technology. The lack of updates from Super Micro Computer led to a loss of confidence in AI stocks, impacting the broader stock market as well.
- Nvidia, AI Stocks Catch A Cold After Super Micro Computer Sneezes Investor's Business Daily
- Super Micro plunges as investors rotate out of red-hot AI stock ahead of earnings later this month CNBC
- S&P 500 Gains and Losses Today: AI-Related Stocks Slump in Super Micro Computer's Wake Investopedia
- Super Micro Computer plunges 23%, dragging Nvidia down with it Quartz
- Super Micro and Nvidia Slump as AI Winners Lead Tech Selloff Yahoo Finance
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
1 min
vs 2 min read
Condensed
73%
293 → 80 words
Want the full story? Read the original article
Read on Investor's Business Daily