$SMCI GIVES PRELIMINARY GUIDANCE & IT'S NOT GOOD
I believe this is because of the $NVDA chip ban from China & therefore affecting the server companies like SMCI now, but not sure on why they are lowering guidance this much...
$NVDA down 2% AH, $SMCI down 18%
guidance below shows a 50% reduction in EPS and $1B less in estimated revenue:
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