Super Micro Faces Stock Drop Due to Oracle Contract Cancellation and Supply Chain Issues
Super Micro Computer's stock fell 7.6% after Oracle canceled a large server order, potentially linked to allegations of illicit sales of Nvidia chips to China. The company also faces challenges in selling older AI chips to SpaceX, which prefers newer models from competitors like Dell and Hewlett Packard Enterprise.
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Topics: AI chips contract cancellation Nvidia Oracle stock price drop Super Micro