AI Stocks Fall. Super Micro Tumbles 15%; Arm Holdings Sinks 7%

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AI Stocks Fall. Super Micro Tumbles 15%; Arm Holdings Sinks 7%

Tiger Newspress10-31

AI stocks fall on Thursday. Super Micro tumbles 15%; Arm Holdings sinks 7%; Microsoft falls 5%; Nvidia drops over 4%.

Warnings from Meta Platforms and Microsoft about rising AI-related costs dampened optimism around AI stocks.

Super Micro Computer shares continued to fall 15% after tumbling 32.7% on Wednesday after it said Ernst & Young had resigned as its public accounting firm, over a month after Hindenburg Research alleged "accounting manipulation" at the AI server maker.

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