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Super Micro stock sinks 18% after earnings, outlook disappoint

Super Micro Computer shares plunged 18% on Wednesday after the company posted weaker-than-expected fiscal fourth quarter results, dented in part by President Donald Trump's tariffs. CEO Charles Liang told investors on a conference call that the company has "taken measures to reduce the impact" of the tariffs. "With respect to the tariffs, the situation is dynamic," CFO David Weigand said on the investor call. "We're actively monitoring the tariff environment. We know there's news coming out ne

Super Micro stock sinks 20% after earnings, outlook disappoint

Super Micro Computer shares plunged 20% on Wednesday after the company posted weaker-than-expected fiscal fourth quarter results, dented in part by President Donald Trump's tariffs. CEO Charles Liang told investors on a conference call that the company has "taken measures to reduce the impact" of the tariffs. "With respect to the tariffs, the situation is dynamic," CFO David Weigand said on the investor call. "We're actively monitoring the tariff environment. We know there's news coming out ne

Super Micro plans to ramp up manufacturing in Europe to capitalize on AI demand

CEO of Supermicro Charles Liang speaks during the Reuters NEXT conference in New York City, U.S., December 10, 2024. PARIS — Super Micro plans to increase its investment in Europe, including ramping up manufacturing of its AI servers in the region, CEO Charles Liang told CNBC in an interview that aired on Wednesday. The company sells servers which are packed with Nvidia chips and are key for training and implementing huge AI models. It has manufacturing facilities in the Netherlands, but could