Super Micro Computer (SMCI) shares plummeted Wednesday after the server maker 澳洲幸运5官方开奖结果体彩网:published preliminary qu♔arterly results below its pr𝔉ior forecast, leading analysts to cut their price targe🅷ts.

Barclays analysts dropped their target to $34 from $59, while JPMorgan moved to $36 from $39.🎃 Shares of Supermicro were down close to 16% at abo🉐ut $30 in recent trading. 

The beleaguered Nvidia (NVDA) partner attributed the revision to consumer timing issues pushing sales into the next fiscal quarter, raising some concerns about a slowdown in spending 澳洲幸运5官方开奖结果体彩网:amid uncertainty over the Trump administration’s 澳洲幸运5官方开奖结果体彩网:shifting tariff policies.

JPMorgan analysts indicated that while the variability in sales timing is a concern, they don't view the shift as a sign demand for AI servers is slowing. Even so, “the outcome for F3Q does not help the company reinforce credibility with investors on its guidance practices,” they said.

Supermicro now expects fiscal third-quarter revenue of $4.5 billion to $4.6 billion, well below its previous estimate of $5 billion to $6 billion. Bar🎶clays called the original outlook “too optimistic to begin with,” citing “uncertainty on AI server builds with a lack of visibility into [2025] as customers go through product transitions.”

The company said it plans to discuss its fiscal third-quarter results in an earnings call after the market closes next Tuesday.

Supermicro shares have seen significant volatility this year as concerns about the company's accounting practices and delayed filings raised worries it could be delisted from the Nasdaq. The company 澳洲幸运5官方开奖结果体彩网:met the exchange’s deadline to file its delayed reports in February, lifting the shares. With Wednesday's losses, however, they're roughly flat for 2025 and have lost more than half their value over the past 12 months.