TSM - Why Super Micro Computer Stock Is Falling Friday | Benzinga
Super Micro Computer, Inc. (NASDAQ:SMCI) shares are falling Friday after the company announced its third quarter earnings release date and did not provide preliminary estimates as it has done in the past.
The Details:
Investors are concerned that the lack of quarterly preliminary estimates may be a sign of worse-than-expected financial results for SMCI.
Shares of semiconductor companies have been trading lower amid weakness in the technology sector and following ASML Holdings N.V.'s (NASDAQ:ASML) worse-than-expected earnings report.
Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) also reported its quarterly results earlier this week and lowered its ...