The Defiance Daily Target 2X Long SMCI ETF (SMCX), which uses swaps to double daily returns on Super Micro Computer (SMCI) stock, fell 22% on June 5, 2026, following an 11% drop in SMCI shares. This decline was driven by Broadcom's weaker-than-expected AI semiconductor revenue guidance and concerns over hyperscalers diversifying chip suppliers, which could reduce SMCI's market share. The leveraged ETF's structure causes it to magnify daily moves but suffer losses over time in volatile or downtrending markets, leading to a 67% loss over the past year despite SMCI's slight stock gains. Investors should view SMCX as a short-term trading vehicle rather than a long-term hold, especially given current market volatility and uncertain AI capital spending trends.
Super Micro Computer reported over $60 billion in new orders in one quarter and projects fiscal 2027 revenue between $65 billion and $72 billion. Despite this, its shares remain low due to concerns over customer delays, a board review on export contr...
Supermicro secured over $60 billion in new orders, with about 70% linked to AI infrastructure demand. The company raised its fiscal year 2027 revenue guidance to between $65 billion and $72 billion, significantly above the previous consensus of rough...
AI server stocks like Super Micro Computer and Dell Technologies rose after Taiwan indicted individuals, not their corporate parents, over illegal AI server exports to China. This distinction removed a major legal overhang, boosting hardware-focused ...
Super Micro Computer (SMCI) was upgraded from Strong Sell to Sell following a strong quarterly performance with a gross margin spike to 17.6%, driven by favorable product mix and one-time items. However, concerns remain due to deeply negative free ca...
Shares of Super Micro Computer fell 7% following the indictment of nine individuals, including employees of its Taiwan unit, for allegedly exporting AI servers illegally to China. The indictment targets individuals, not the company, which has a stron...
