
Super Micro's Green Zone Gamble: Can Nvidia's Earnings Spark A Breakout?

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Super Micro Computer Inc (NASDAQ:SMCI) is closely watching Nvidia Corp's (NASDAQ:NVDA) upcoming earnings, as its performance could influence SMCI's stock trajectory. Currently trading above $44, SMCI has seen a 27% decline over the past month. Analysts note that while SMCI is above its 200-day moving average, it is below its 20-day and 50-day averages, indicating short-term weakness. The stock is in a "green zone," where downside risk is limited, but its future performance hinges on Nvidia's results, which could either boost or hinder SMCI's growth prospects.
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