Pinkspider
04-30

$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:

SMCI Offers $2B Notes: Is -10% Overreaction?
SMCI announced that it intends to offer, subject to market conditions and other factors, $2.0 billion aggregate principal amount of convertible senior notes due 2030 (the “Convertible Notes”). The stock dips 10%.
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