Super Micro Computer Inc. (NASDAQ:SMCI) stock fell more than 7% Monday as a broader semiconductor and AI infrastructure selloff pressured technology stocks.
68%. Super Micro’s decline came alongside sharp losses across AI-linked chip stocks.
Broadcom Inc. (NASDAQ:AVGO), Advanced Micro Devices Inc.
(NASDAQ:AMD), NVIDIA Corp. (NASDAQ:NVDA), Intel Corp.
(NASDAQ:INTC) and Marvell Technology Inc. (NASDAQ:MRVL) fell between 3% and 8%.
The sector weakened as investors reassessed the outlook for AI infrastructure spending amid calls to slow frontier AI development over safety concerns. The Financial Times reported that a slower pace of AI development could eventually weigh on infrastructure and capital spending.
That debate is particularly relevant for Super Micro. The company supplies servers and rack-scale systems used in AI data centers.
Any slowdown in AI capital spending could therefore affect demand for its infrastructure. Anthropic CEO Dario Amodei has called for greater coordination among AI companies on frontier development and safety.
The debate has raised questions about the pace of future AI investment. See More: Top Value Stocks Technical Analysis Despite Monday’s decline, Super Micro remains in a longer-term bullish trend.
51. The 50-day SMA also remains above the 200-day SMA following an August golden cross.
74, signaling weaker near-term momentum. 17.
That indicates neutral momentum after the stock retreated from overbought levels in August. 50.
20. Citigroup raised its price forecast to $39 while maintaining a Neutral rating on Aug.
12. Goldman Sachs maintained a Sell rating and raised its forecast to $34.
Mizuho maintained Neutral and lifted its forecast to $35. 22, according to Benzinga Edge Rankings.
The scores point to strong growth and quality metrics despite the latest selloff. 08 at the time of publication Monday, according to Benzinga Pro.
