SMCI is trading at $22.90 (-4.78%) in pre-market, reversing yesterday's gains as the move aligns with a broader market decline.
- The stock remains highly volatile following a 33.32% plunge on March 20 triggered by federal indictments against co-founder Wally Liaw for allegedly smuggling $2.5B in AI servers to China.
- Today's decline offsets a recent relief rally where shares gained 8.19% yesterday and saw modest rebounds on March 23 and 24.
- With no new company-specific news reported today, the downward move mirrors broader sentiment as S&P 500 futures trade down 0.68%.