Super Micro Computer, Inc. (SMCI) experienced an 11% decline in stock value during Monday afternoon trading, driven by rising apprehension that DeepSeek, an emerging competitor, might challenge SMCI's leadership in China's AI hardware systems market.
Currently, SMCI's stock sits at $28.80, reflecting a 13.45% or $4.48 decrease on the Nasdaq. Throughout the day, the stock has traded within a range of $28.82 to $31.95 and has experienced a broader 52-week range from $17.25 to $122.90.
Approximately 38.45 million shares have been exchanged today, significantly lower than the average daily volume of nearly 76.98 million shares.
This market sentiment shift indicates increased investor wariness, as DeepSeek's growing influence could potentially undermine SMCI's standing in the swiftly expanding AI hardware sector.
