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Super Micro stock fell hard after the data-center computer specialist didn't announce preliminary results for its fiscal Q3.
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The Conservative MP co-founded the school alongside current headteacher Katherine Birbalsingh.
- Yahoo Finance Video
Outside of AI, chip sector is 'not all that great': Analyst
Shares of Super Micro Computer (SMCI) fell sharply Friday after the company opted not to pre-announce its first-quarter results. This development comes as the semiconductor sector undergoes a sector-wide correction. Bernstein Managing Director and Senior Analyst Stacy Rasgon joins Market Domination to provide insights into this situation. Rasgon acknowledges that while the chip sector is undergoing a correction, "outside of AI" the industry has not been performing well. He notes that other segments of the sector, such as automotive, data centers, PCs, and smartphones, "are not all that great," which could be contributing to the sector-wide pressure, in addition to the disappointing earnings from major players. Rasgon shifts the focus to the question of "the pace of the recovery," noting that the stocks have held up "remarkably" despite the revisions, suggesting this is "a delayed reaction." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
