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Super Micro's $50 billion stock collapse underscores risk of AI hype

In March, Super Micro Computer joined the S&P 500 after an impressive 2,000% stock increase over two years, outpacing even Nvidia. However, less than two weeks after the index change, Super Micro’s stock peaked at $118.81 with a market cap close to $70 billion. Since then, the stock has plummeted by 72%, dropping the valuation below $20 billion and signaling the first major public market sign that AI-driven hype may have been overstated. Super Micro, a key provider of Nvid

Internet & Technology

01 Nov 2024 05:31 AM 1.03k views

Super Micro's $50 billion stock collapse underscores risk of AI hype

In March, Super Micro Computer joined the S&P 500 after an impressive 2,000% stock increase over two years, outpacing even Nvidia. However, less than two weeks after the index change, Super Micro’s stock peaked at $118.81 with a market cap close to $70 billion. Since then, the stock has plummeted by 72%, dropping the valuation below $20 billion and signaling the first major public market sign that AI-driven hype may have been overstated. Super Micro, a key provider of Nvid

Internet & Technology

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Super Micro's $50 billion stock collapse underscores risk of AI hype

Super Micro's $50 billion stock collapse underscores risk of AI hype

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ICAI CA Final Results 2024 Expected to Release on December 26

Political Tensions Rise in Maharashtra Over MNS Protest in Thane

Deccan Derby 2025: A Spectacular Blend of Racing, Fashion, and Philanthropy

YMCA Houston Launches Water Safety Campaign for Summer

Globalization and International Business

Tejashwi Yadav and Sharad Pawar Support Mamata Banerjee to Lead I.N.D.I.A. Bloc

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Trump Confirms Plan To Sell F-35 Fighter Jets To Saudi Arabia Ahead Of Crown Prince Visit

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#nvdia

Super Micro's $50 billion stock collapse underscores risk of AI hype

Super Micro's $50 billion stock collapse underscores risk of AI hype

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