Why Super Micro Computer (SMCI) Shares Are Falling
Portfolio Pulse from Henry Khederian
Shares of Super Micro Computer Inc (SMCI) are trading lower by 3.06% due to a negative sentiment in the semiconductor and chip stocks sector, following Texas Instruments Inc's lower than expected third-quarter EPS guidance. SMCI shares are also affected by overall market volatility ahead of the Fed decision. Texas Instruments reported a 23.67% decrease in quarterly earnings per share but exceeded expectations with quarterly sales of $4.53 billion.
July 26, 2023 | 5:15 pm
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NEGATIVE IMPACT
SMCI shares are trading lower due to negative sentiment in the semiconductor and chip stocks sector and overall market volatility.
SMCI shares are trading lower due to negative sentiment in the semiconductor and chip stocks sector following Texas Instruments Inc's lower than expected third-quarter EPS guidance. The overall market volatility ahead of the Fed decision is also impacting SMCI shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Texas Instruments reported a 23.67% decrease in quarterly earnings per share but exceeded expectations with quarterly sales of $4.53 billion.
Texas Instruments' lower than expected third-quarter EPS guidance has led to a negative sentiment in the semiconductor and chip stocks sector, impacting its own and other companies' shares, including SMCI.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50