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Super Micro Computer Shares Fall 5% After Wednesday Rally

The stock traded at $28.80 during Thursday morning trading, down $1.61 from Wednesday’s close.

Red metal bars descend from a taller peak across a pale plinth / TokenPost.ai (mono)
Red metal bars descend from a taller peak across a pale plinth / TokenPost.ai (mono)

Shares of Super Micro Computer, Inc. (SMCI) fell about 5% Thursday, trimming part of Wednesday’s roughly 10% gain after the stock advanced during a broad technology rally.

The stock traded at $28.80 during Thursday morning trading, down $1.61 from the previous close.

The stock’s Wednesday premarket advance followed the company’s first-quarter revenue forecast, which topped expectations.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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