Why Super Micro Stock Plummeting Today

GuruFocus
2026.06.05 18:29
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Super Micro Computer (SMCI) stock fell approximately 10% on Friday, caught in a broader tech selloff driven by stronger U.S. payroll data that lifted Treasury yields and dampened rate-cut expectations. The decline was exacerbated by Broadcom's earnings update, which reset AI chip revenue growth expectations. Despite being up 36% year-to-date, SMCI remains below its July 2025 peak as investors balance AI demand against rising borrowing costs and macroeconomic pressures.