#supermicro

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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#supermicro

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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Imane Khelif Takes Legal Action Over Gender Controversy

Austin police release details on deadly officer-involved shooting

Punjab Border Villages Begin Self-Evacuation After Operation Sindoor

The Impact of Donald Trump's Victory on Global Markets

Amazon's Agentic AI in Sunnyvale to Revolutionize Same-Day Delivery and Supply Chain

JPMorgan Sues Customers Accused of Exploiting 'Infinite Money Glitch' for Cash Withdrawals

Israel recognises Somaliland as independent state, opens path to diplomatic ties

Harvard study reveals which college degrees are losing long-term value

Minnesota school district reports ICE detention of students, including a 5-year-old

Allegations Threaten Pete Hegseth’s Confirmation as Trump’s Defense Secretary Pick

#supermicro

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

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

Imane Khelif Takes Legal Action Over Gender Controversy

Austin police release details on deadly officer-involved shooting

Punjab Border Villages Begin Self-Evacuation After Operation Sindoor

The Impact of Donald Trump's Victory on Global Markets

Amazon's Agentic AI in Sunnyvale to Revolutionize Same-Day Delivery and Supply Chain

JPMorgan Sues Customers Accused of Exploiting 'Infinite Money Glitch' for Cash Withdrawals

Israel recognises Somaliland as independent state, opens path to diplomatic ties

Harvard study reveals which college degrees are losing long-term value

Minnesota school district reports ICE detention of students, including a 5-year-old

Allegations Threaten Pete Hegseth’s Confirmation as Trump’s Defense Secretary Pick

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