Super Micro Computer Stock Drops 11% Amid AI Competition Concerns

(RTTNews) - Super Micro Computer, Inc. (SMCI) saw its stock drop 11 percing during Monday afternoon trading. This decline comes amid concerns that DeepSeek, a competitor, could pose a threat to SMCI's dominance in the AI hardware systems market in China.

Currently, SMCI is trading at $28.80, down 13.45 percent or $4.48 on the Nasdaq. The stock has fluctuated within a day's range of $28.82 to $31.95 and has seen a 52-week price range between $17.25 and $122.90.

The stock has seen a volume of around 38.45 million shares traded, well below its average daily volume of nearly 76.98 million shares.

This shift in market sentiment signals investor caution as DeepSeek's rising prominence could challenge SMCI's position in the rapidly growing AI hardware sector.