<p><strong>超微电脑公司</strong> (NASDAQ: SMCI) 的股票在周二交易中下跌。此次下跌是由于 <strong>唐纳德·特朗普</strong> 总统宣布对来自包括荷兰在内的八个欧洲国家的商品征收 10% 的关税，该关税将于 2 月 1 日生效，原因是美国收购格林兰的外交紧张局势升级。</p>
<ul>
<li>超微电脑的股票正在从近期水平回落。为什么 SMCI 股票下跌？</li>
</ul>
<h2>关税如何可能推高 SMCI 的成本</h2>
<p>尽管整体市场对贸易战重新升温的担忧作出反应，但 SMCI 面临着独特而直接的威胁：其在荷兰 ‘斯赫尔托亨博斯’ 的显著运营足迹。与许多主要依赖亚洲供应链的竞争对手不同，超微电脑利用这一荷兰设施作为关键的制造和物流中心，以服务全球市场。</p>
<p>拟议的关税特别针对从荷兰、法国、德国和英国运送到美国的商品，这对超微电脑通过其欧洲运营回送到美国总部的任何库存或组件构成了立即的成本上升风险。</p>
<p>投资者对这种干扰特别敏感，因为 SMCI 已经在应对紧张的利润空间。对荷兰进口征收 10% 的关税为公司的供应链增加了实际的费用层面，加剧了对盈利能力的担忧。</p>
<h2>看跌趋势发出谨慎信号</h2>
<p>该股票目前交易价格比其 20 日简单移动平均线 (SMA) 低 5.3%，比其 100 日 SMA 低 9.8%，显示出看跌动能。在过去 12 个月中，股票价格下降了 2.73%，并且更接近其 52 周低点而非高点。</p>
<p>相对强弱指数 (RSI) 处于中性水平，表明该股票既没有被超买也没有被超卖。同时，MACD 低于其信号线，表明股票面临看跌压力。</p>
<p>中性 RSI 和看跌 MACD 的组合表明动能混合。</p>
<ul>
<li><strong>关键阻力位</strong>：$32.00</li>
<li><strong>关键支撑位</strong>：$29.00</li>
</ul>
<h2>盈利预测显示出不同的趋势</h2>
<p>投资者正在关注即将于 2 月 10 日发布的 next earnings report。</p>
<ul>
<li><strong>每股收益预估</strong>：45 美分（同比下降 51 美分）</li>
<li><strong>收入预估</strong>：103.8 亿美元（同比上升 56.8 亿美元）</li>
<li><strong>估值</strong>：市盈率为 25.7 倍（表明溢价估值）</li>
</ul>
<p><strong>分析师共识与近期行动：</strong> 该股票的评级为 <strong>持有</strong>，平均目标价为 <strong>$43.56</strong>。近期分析师的行动包括：</p>
<ul>
<li><strong>高盛</strong>：卖出（目标价$26.00）（1 月 13 日）</li>
<li><strong>瑞穗</strong>：中性（目标价下调至$31.00）（1 月 9 日）</li>
<li><strong>美银证券</strong>：卖出（目标价$34.00）（2025 年 12 月 2 日）</li>
</ul>
<p><strong>估值洞察：</strong><em>尽管该股票的市盈率倍数较高，但共识和预期 12% 的盈利下降表明分析师认为这种增长是对分析师目标价 38% 上行的合理理由。</em></p>
<h2>Benzinga Edge 排名</h2>
<p>以下是超微电脑的 Benzinga Edge 评分卡，突出了其与整体市场相比的优势和劣势：</p>
<ul>
<li><strong>价值</strong>：强（得分：75.19/100）——该股票与同行相比估值合理。</li>
<li><strong>质量</strong>：稳健（得分：96.89/100）——资产负债表保持健康。</li>
<li><strong>动能</strong>：弱（得分：6.11/100）——该股票表现不及整体市场。</li>
</ul>
<p><strong>结论：</strong> 超微电脑的 Benzinga Edge 信号显示出混合的前景。尽管强劲的质量评分表明其财务基础稳固，但弱势的动能评分则表明投资者在该股票难以获得动力时应保持谨慎。</p>
<p><img src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/01/20114810/Screenshot-2026-01-20-at-11.47.40%E2%80%AFAM-1024x201.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/01/20114810/Screenshot-2026-01-20-at-11.47.40%E2%80%AFAM-1024x201.png"/></p>
<h2>顶级 ETF 曝光</h2>
<ul>
<li><strong>施瓦布基本面美国小型公司指数 ETF</strong> (NYSE: FNDA)：0.30% 权重</li>
<li><strong>Defiance Daily Target 2X Long SMCI ETF</strong> (NASDAQ: SMCX)：27.39% 权重</li>
<li><strong>SPDR FactSet 创新科技 ETF</strong> (NYSE: XITK)：1.65% 权重</li>
</ul>
<p><strong>重要性：</strong> 由于 SMCI 在这些基金中占有如此大的权重，任何对这些 ETF 的重大资金流入或流出都可能迫使自动买入或卖出该股票。</p>
<h2>超微股票下滑</h2>
<p><strong>SMCI 价格走势：</strong> 根据 Benzinga Pro 数据，超微电脑的股票在周二发布时下跌了 3.31%，报$31.56。</p>

<p>超微电脑（SMCI）股价周二下跌 3.31%，至 31.56 美元，此前特朗普总统宣布对包括荷兰在内的八个欧洲国家的进口征收 10% 的关税。这对 SMCI 的运营构成风险，因为该公司依赖其荷兰工厂进行制造和物流。分析师的前景看法不一，维持持有评级，平均目标价为 43.56 美元，但对成本上升和利润空间紧张的担忧依然存在。该股票目前交易价格低于其移动平均线，显示出看跌动能</p>

<p>Shares of <strong>Super Micro Computer Inc</strong> (NASDAQ: SMCI) are trading lower on Tuesday. The decline follows President <strong>Donald Trump's</strong> announcement of a 10% tariff, effective Feb. 1, on goods imported from eight European nations, including the Netherlands, amid escalating diplomatic tensions over the U.S. bid to acquire Greenland.</p>
<div class="lb-trans"><p><strong>超微电脑公司</strong> (NASDAQ: SMCI) 的股票在周二交易中下跌。此次下跌是由于 <strong>唐纳德·特朗普</strong> 总统宣布对来自包括荷兰在内的八个欧洲国家的商品征收 10% 的关税，该关税将于 2 月 1 日生效，原因是美国收购格林兰的外交紧张局势升级。</p>
</div><ul>
<li>Super Micro Computer shares are retreating from recent levels. Why is SMCI stock dropping?</li>
</ul>
<div class="lb-trans"><ul>
<li>超微电脑的股票正在从近期水平回落。为什么 SMCI 股票下跌？</li>
</ul>
</div><h2>How Tariffs Could Inflate SMCI’s Costs</h2>
<div class="lb-trans"><h2>关税如何可能推高 SMCI 的成本</h2>
</div><p>While the broader market is reacting to renewed trade war fears, SMCI faces a unique and direct threat: its significant operational footprint in ‘s-Hertogenbosch, Netherlands. Unlike many competitors who rely primarily on Asian supply chains, Supermicro utilizes this Dutch facility as a critical manufacturing and logistics hub to serve global markets.</p>
<div class="lb-trans"><p>尽管整体市场对贸易战重新升温的担忧作出反应，但 SMCI 面临着独特而直接的威胁：其在荷兰 ‘斯赫尔托亨博斯’ 的显著运营足迹。与许多主要依赖亚洲供应链的竞争对手不同，超微电脑利用这一荷兰设施作为关键的制造和物流中心，以服务全球市场。</p>
</div><p>The proposed tariffs specifically target goods sent to the U.S. from the Netherlands, France, Germany and the UK, creating an immediate risk of rising costs for any inventory or components Supermicro routes through its European operations back to its U.S. headquarters.</p>
<div class="lb-trans"><p>拟议的关税特别针对从荷兰、法国、德国和英国运送到美国的商品，这对超微电脑通过其欧洲运营回送到美国总部的任何库存或组件构成了立即的成本上升风险。</p>
</div><p>Investors are particularly sensitive to this disruption as SMCI is already navigating tight margins. The potential for a 10% levy on Dutch imports adds a tangible layer of expense to the company's supply chain, compounding concerns over profitability.</p>
<div class="lb-trans"><p>投资者对这种干扰特别敏感，因为 SMCI 已经在应对紧张的利润空间。对荷兰进口征收 10% 的关税为公司的供应链增加了实际的费用层面，加剧了对盈利能力的担忧。</p>
</div><h2>Bearish Trends Signal Caution Ahead</h2>
<div class="lb-trans"><h2>看跌趋势发出谨慎信号</h2>
</div><p>The stock is currently trading 5.3% below its 20-day simple moving average (SMA) and 9.8% below its 100-day SMA, indicating bearish momentum. Over the past 12 months, shares have decreased by 2.73% and are positioned closer to their 52-week lows than highs.</p>
<div class="lb-trans"><p>该股票目前交易价格比其 20 日简单移动平均线 (SMA) 低 5.3%，比其 100 日 SMA 低 9.8%，显示出看跌动能。在过去 12 个月中，股票价格下降了 2.73%，并且更接近其 52 周低点而非高点。</p>
</div><p>The RSI is at a neutral level, suggesting that the stock is neither overbought nor oversold. Meanwhile, the MACD is below its signal line, indicating bearish pressure on the stock.</p>
<div class="lb-trans"><p>相对强弱指数 (RSI) 处于中性水平，表明该股票既没有被超买也没有被超卖。同时，MACD 低于其信号线，表明股票面临看跌压力。</p>
</div><p>The combination of neutral RSI and bearish MACD suggests mixed momentum.</p>
<div class="lb-trans"><p>中性 RSI 和看跌 MACD 的组合表明动能混合。</p>
</div><ul>
<li><strong>Key Resistance</strong>: $32.00</li>
<li><strong>Key Support</strong>: $29.00</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>关键阻力位</strong>：$32.00</li>
<li><strong>关键支撑位</strong>：$29.00</li>
</ul>
</div><h2>Earnings Forecasts Signal Divergent Trends</h2>
<div class="lb-trans"><h2>盈利预测显示出不同的趋势</h2>
</div><p>Investors are looking ahead to the next earnings report on Feb. 10.</p>
<div class="lb-trans"><p>投资者正在关注即将于 2 月 10 日发布的 next earnings report。</p>
</div><ul>
<li><strong>EPS Estimate</strong>: 45 cents (Down from 51 cents YoY)</li>
<li><strong>Revenue Estimate</strong>: $10.38 billion (Up from $5.68 billion YoY)</li>
<li><strong>Valuation</strong>: P/E of 25.7x (Indicates premium valuation)</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>每股收益预估</strong>：45 美分（同比下降 51 美分）</li>
<li><strong>收入预估</strong>：103.8 亿美元（同比上升 56.8 亿美元）</li>
<li><strong>估值</strong>：市盈率为 25.7 倍（表明溢价估值）</li>
</ul>
</div><p><strong>Analyst Consensus &amp; Recent Actions:</strong> The stock carries a <strong>Hold</strong> Rating with an average price target of <strong>$43.56</strong>. Recent analyst moves include:</p>
<div class="lb-trans"><p><strong>分析师共识与近期行动：</strong> 该股票的评级为 <strong>持有</strong>，平均目标价为 <strong>$43.56</strong>。近期分析师的行动包括：</p>
</div><ul>
<li><strong>Goldman Sachs</strong>: Sell (Target $26.00) (Jan. 13)</li>
<li><strong>Mizuho</strong>: Neutral (Lowered Target to $31.00) (Jan. 9)</li>
<li><strong>B of A Securities</strong>: Sell (Target $34.00) (Dec. 2, 2025)</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>高盛</strong>：卖出（目标价$26.00）（1 月 13 日）</li>
<li><strong>瑞穗</strong>：中性（目标价下调至$31.00）（1 月 9 日）</li>
<li><strong>美银证券</strong>：卖出（目标价$34.00）（2025 年 12 月 2 日）</li>
</ul>
</div><p><strong>Valuation Insight:</strong> <em>While the stock trades at a premium P/E multiple, the consensus and 12% expected earnings decline suggest analysts view this growth as justification for the 38% upside to analyst targets.</em></p>
<div class="lb-trans"><p><strong>估值洞察：</strong><em>尽管该股票的市盈率倍数较高，但共识和预期 12% 的盈利下降表明分析师认为这种增长是对分析师目标价 38% 上行的合理理由。</em></p>
</div><h2>Benzinga Edge Rankings</h2>
<div class="lb-trans"><h2>Benzinga Edge 排名</h2>
</div><p>Below is the Benzinga Edge scorecard for Super Micro Computer, highlighting its strengths and weaknesses compared to the broader market:</p>
<div class="lb-trans"><p>以下是超微电脑的 Benzinga Edge 评分卡，突出了其与整体市场相比的优势和劣势：</p>
</div><ul>
<li><strong>Value</strong>: Strong (Score: 75.19/100) — The stock is reasonably valued compared to peers.</li>
<li><strong>Quality</strong>: Solid (Score: 96.89/100) — The balance sheet remains healthy.</li>
<li><strong>Momentum</strong>: Weak (Score: 6.11/100) — The stock is underperforming the broader market.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>价值</strong>：强（得分：75.19/100）——该股票与同行相比估值合理。</li>
<li><strong>质量</strong>：稳健（得分：96.89/100）——资产负债表保持健康。</li>
<li><strong>动能</strong>：弱（得分：6.11/100）——该股票表现不及整体市场。</li>
</ul>
</div><p><strong>The Verdict:</strong> Super Micro Computer’s Benzinga Edge signal reveals a mixed outlook. While the strong Quality score indicates a solid financial foundation, the weak Momentum score suggests that investors should be cautious as the stock struggles to gain traction.</p>
<div class="lb-trans"><p><strong>结论：</strong> 超微电脑的 Benzinga Edge 信号显示出混合的前景。尽管强劲的质量评分表明其财务基础稳固，但弱势的动能评分则表明投资者在该股票难以获得动力时应保持谨慎。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/01/20114810/Screenshot-2026-01-20-at-11.47.40%E2%80%AFAM-1024x201.png" alt="" original-src="https://editorial-assets.benzinga.com/wp-content/uploads/2026/01/20114810/Screenshot-2026-01-20-at-11.47.40%E2%80%AFAM-1024x201.png"/></p>
<h2>Top ETF Exposure</h2>
<div class="lb-trans"><h2>顶级 ETF 曝光</h2>
</div><ul>
<li><strong>Schwab Fundamental US Small Company Index ETF</strong> (NYSE: FNDA): 0.30% Weight</li>
<li><strong>Defiance Daily Target 2X Long SMCI ETF</strong> (NASDAQ: SMCX): 27.39% Weight</li>
<li><strong>SPDR FactSet Innovative Technology ETF</strong> (NYSE: XITK): 1.65% Weight</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>施瓦布基本面美国小型公司指数 ETF</strong> (NYSE: FNDA)：0.30% 权重</li>
<li><strong>Defiance Daily Target 2X Long SMCI ETF</strong> (NASDAQ: SMCX)：27.39% 权重</li>
<li><strong>SPDR FactSet 创新科技 ETF</strong> (NYSE: XITK)：1.65% 权重</li>
</ul>
</div><p><strong>Significance:</strong> Because SMCI carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.</p>
<div class="lb-trans"><p><strong>重要性：</strong> 由于 SMCI 在这些基金中占有如此大的权重，任何对这些 ETF 的重大资金流入或流出都可能迫使自动买入或卖出该股票。</p>
</div><h2>Super Micro Shares Slide</h2>
<div class="lb-trans"><h2>超微股票下滑</h2>
</div><p><strong>SMCI Price Action:</strong> Super Micro Computer shares were down 3.31% at $31.56 at the time of publication on Tuesday, according to Benzinga Pro data.</p>
<div class="lb-trans"><p><strong>SMCI 价格走势：</strong> 根据 Benzinga Pro 数据，超微电脑的股票在周二发布时下跌了 3.31%，报$31.56。</p>
</div>

Why Super Micro Computer (SMCI) Stock Is Dropping Tuesday

- Super Micro Computer Inc 股票因特朗普宣布对八个欧洲国家进口商品征收 10% 关税而下跌。  
- 该公司在荷兰的运营基地受关税影响，可能导致成本上升。  
- 股票当前交易价格较 20 日和 100 日移动平均线低，显示出看空势头。

为什么超微电脑（SMCI）的股票在周二下跌