On July 24, SUPER MICRO COMPUTER INC fell 5.32% in regular trading, trading at $29.4397 per share, with turnover of $454 million.

On the news front, Mizuho issued a research note significantly cutting its price target on the company from $44 to $34 while maintaining a Neutral rating. The investment bank warned that the company's massive $60 billion backlog of undelivered orders faces a cash crunch, as processing and fulfilling such enormous orders requires substantial upfront procurement costs and working capital. Mizuho cautioned that the company will very likely need to raise capital through the equity markets in the near term, posing dilution risk to shareholders.

The downgrade comes just days after the stock surged over 25% on July 22 following the company's preliminary Q4 fiscal year update, which nearly doubled its gross margin guidance to 15%-17% from the prior 8.2%-8.4% range and disclosed over $60 billion in new orders. Mizuho's refinancing warning has shifted market focus from the growth momentum to the underlying capital strain required to fulfill record backlogs, pressuring shares lower.

(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.)