On July 28, SUPER MICRO COMPUTER INC declined 5.65% in regular trading, trading at $27.4143/share, with turnover of $242 million.

On the news front, the technology hardware sector experienced a broad selloff, with peers Dell Technologies down 14.6%, Western Digital down 13.33%, SanDisk down 13.98%, and Seagate down 13.01%. SUPER MICRO COMPUTER INC relatively outperformed the sector. The stock had surged approximately 24% the prior week after the company issued preliminary Q4 results showing gross margins of 15%-17%, nearly double the prior 8.2%-8.4% guidance, alongside over $60 billion in new orders pushing backlog to record highs.

Short-term profit-taking pressure appeared significant following the sharp rally. Additionally, Mizuho had cut its price target from $44 to $34, maintaining a Neutral rating, warning that fulfilling the massive $60 billion order backlog faces a funding gap and the company may need to raise capital, posing dilution risk that weighed on market sentiment.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)