Why Super Micro Computer (SMCI) Stock Is Dropping Tuesday
Super Micro Computer (SMCI) shares fell 3.31% to $31.56 on Tuesday, following President Trump's announcement of a 10% tariff on imports from eight European nations, including the Netherlands. This poses a risk to SMCI's operations, as it relies on its Dutch facility for manufacturing and logistics. Analysts have a mixed outlook, with a Hold rating and an average price target of $43.56, but concerns over rising costs and tight margins persist. The stock is currently trading below its moving averages, indicating bearish momentum.
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