The Latest Breaking News from Super Micro Computer

The recent AI-induced market sell-off has caused some stocks to correct more than warranted. These stocks are oversold and analysts remain bullish on them.

While SMCI stock got obliterated following the fiscal Q1 miss, both the derivatives market and quantitative signals point to a contrarian opportunity.

The S&P 500 Index ($SPX ) (SPY ) today is up +0.39%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.17%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.58%. Some weaker-than-expected earnings are weighing on technology stocks. Super Micro Computer is down more...

U.S. stock futures were lower this morning, with the Dow futures falling more than 50 points on Wednesday.

December Nasdaq 100 E-Mini futures (NQZ25) are trending down -0.57% this morning as investors digested weak earnings from notable tech players such as Advanced Micro Devices and Super Micro Computer, while concerns over lofty tech valuations continued to weigh on sentiment.

The U.S. stock market experienced a downturn on Tuesday, following mixed movements on Monday. Futures of major indices, including the SP 500 and Nasdaq, were in the red. Concerns over a potential AI bubble have intensified, with notable investor Michael Burry making significant put option bets against Nvidia Corp. and Palantir Technologies Inc. . Meanwhile, the…

On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended selling TeraWulf Inc. (NASDAQ:WULF) and Super Micro Computer, Inc. (NASDAQ:SMCI).

Outlook remains bullish even as preliminary Q1 sales results miss estimates.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.