What's Going On With Super Micro Computer Stock On Tuesday?
Portfolio Pulse from Anusuya Lahiri
Super Micro Computer, Inc. (NASDAQ: SMCI) stock traded lower on Tuesday due to broader semiconductor industry trends and Taiwan Semiconductor Manufacturing Co.'s (NYSE: TSM) potential price hikes for AI chip production. At Computex 2024, Supermicro launched its X14 server portfolio, supporting Intel Corp (NASDAQ: INTC) processors. The company also partnered with Foxconn, KDDI, and Sharp to build an AI data center in Japan using Nvidia Corp's (NASDAQ: NVDA) chips. Supermicro stock has gained 245% in the last 12 months.
June 04, 2024 | 7:50 pm
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NEGATIVE IMPACT
Super Micro Computer, Inc. (SMCI) stock traded lower due to broader semiconductor industry trends and TSM's potential price hikes. The company launched its X14 server portfolio at Computex 2024 and announced a partnership to build an AI data center in Japan.
The stock's decline is influenced by broader industry trends and TSM's potential price hikes. However, the launch of the X14 server portfolio and new partnerships could provide long-term growth opportunities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Apple Inc. (AAPL) is indirectly mentioned as Supermicro partners with Foxconn, an Apple supplier, for an AI data center project in Japan.
Apple is indirectly mentioned through its supplier Foxconn's involvement in the AI data center project. The direct impact on Apple's stock is minimal.
CONFIDENCE 60
IMPORTANCE 30
RELEVANCE 30
NEUTRAL IMPACT
Investors can gain exposure to Supermicro stock via Tidal ETF Trust II Pinnacle Focused Opportunities ETF (FCUS).
FCUS provides exposure to Supermicro stock, but the direct impact on the ETF's price is uncertain.
CONFIDENCE 60
IMPORTANCE 40
RELEVANCE 40
NEUTRAL IMPACT
Taiwan Semiconductor Manufacturing Co. (TSM) is considering price hikes for its AI chip production services, impacting the broader semiconductor industry.
TSM's potential price hikes could affect the semiconductor industry, but the direct impact on TSM's stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
NEUTRAL IMPACT
Investors can gain exposure to Supermicro stock via Tidal Trust II YieldMax Ultra Option Income Strategy ETF (ULTY).
ULTY provides exposure to Supermicro stock, but the direct impact on the ETF's price is uncertain.
CONFIDENCE 60
IMPORTANCE 40
RELEVANCE 40
POSITIVE IMPACT
Intel Corp (INTC) processors are featured in Supermicro's new X14 server portfolio, which supports both current and future Intel Xeon series processors.
The inclusion of Intel processors in Supermicro's new server portfolio could boost demand for Intel's products.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Nvidia Corp (NVDA) chips will be used in the AI data center in Japan, a project involving Supermicro, Foxconn, KDDI, and Sharp.
The use of Nvidia chips in a new AI data center project could drive demand for Nvidia's products.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50