Supermicro Stock Drops 20% Friday After Spectacular Run

<p>Shares in Supermicro were clipped Friday&comma; falling 20&percnt; for the day after a spectacular runup this month&period;<&sol;p>&NewLine;<p>Supermicro broke the &dollar;1&comma;000 mark on Thursday and dropped big on Friday after concerns of the company being overpriced&period; The stock has already gained 181&percnt; this year and is up an astonishing 842&percnt; over the past 12 months&period;<&sol;p>&NewLine;<p>For the fiscal first quarter ending Dec&period; 31&comma; 2023&comma; Supermicro reported net sales of &dollar;3&period;66 billion versus &dollar;2&period;12 billion in the first quarter of fiscal year 2024 and &dollar;1&period;80 billion in the same quarter of last year&period;<&sol;p>&NewLine;<p><&excl;-- TradingView Widget BEGIN --><&sol;p>&NewLine;<div class&equals;"tradingview-widget-container">&NewLine;<div class&equals;"tradingview-widget-container&lowbar;&lowbar;widget"><&sol;div>&NewLine;<div class&equals;"tradingview-widget-copyright"><a href&equals;"https&colon;&sol;&sol;www&period;tradingview&period;com&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener nofollow"><span class&equals;"blue-text">Track all markets on TradingView<&sol;span><&sol;a><&sol;div>&NewLine;<p><script type&equals;"text&sol;javascript" src&equals;"https&colon;&sol;&sol;s3&period;tradingview&period;com&sol;external-embedding&sol;embed-widget-symbol-overview&period;js" async>&NewLine; &lbrace;&NewLine; "symbols"&colon; &lbrack;&NewLine; &lbrack;&NewLine; "NASDAQ&colon;SMCI&vert;1D"&NewLine; &rsqb;&NewLine; &rsqb;&comma;&NewLine; "chartOnly"&colon; false&comma;&NewLine; "width"&colon; 550&comma;&NewLine; "height"&colon; 400&comma;&NewLine; "locale"&colon; "en"&comma;&NewLine; "colorTheme"&colon; "light"&comma;&NewLine; "autosize"&colon; false&comma;&NewLine; "showVolume"&colon; false&comma;&NewLine; "showMA"&colon; false&comma;&NewLine; "hideDateRanges"&colon; false&comma;&NewLine; "hideMarketStatus"&colon; false&comma;&NewLine; "hideSymbolLogo"&colon; false&comma;&NewLine; "scalePosition"&colon; "right"&comma;&NewLine; "scaleMode"&colon; "Normal"&comma;&NewLine; "fontFamily"&colon; "-apple-system&comma; BlinkMacSystemFont&comma; Trebuchet MS&comma; Roboto&comma; Ubuntu&comma; sans-serif"&comma;&NewLine; "fontSize"&colon; "10"&comma;&NewLine; "noTimeScale"&colon; false&comma;&NewLine; "valuesTracking"&colon; "1"&comma;&NewLine; "changeMode"&colon; "price-and-percent"&comma;&NewLine; "chartType"&colon; "area"&comma;&NewLine; "maLineColor"&colon; "&num;2962FF"&comma;&NewLine; "maLineWidth"&colon; 1&comma;&NewLine; "maLength"&colon; 9&comma;&NewLine; "lineWidth"&colon; 2&comma;&NewLine; "lineType"&colon; 0&comma;&NewLine; "dateRanges"&colon; &lbrack;&NewLine; "1d&vert;1"&comma;&NewLine; "1m&vert;30"&comma;&NewLine; "3m&vert;60"&comma;&NewLine; "12m&vert;1D"&comma;&NewLine; "60m&vert;1W"&comma;&NewLine; "all&vert;1M"&NewLine; &rsqb;&NewLine;&rcub;&NewLine; <&sol;script><&sol;p>&NewLine;<&sol;div>&NewLine;