SMCI nosedive cos today's press release regarding an upcoming announcement lacked substantive guidance, focusing primarily on the announcement date itself. This omission is said to have disappointed some investors who were anticipating a positive pre-announcement. The absence of such guidance in this instance may have triggered uncertainty and disappointment among investors, prompting a reactionary sell-off and contributing to the decline in SMCI's stock price. The reaction to today's news highlights the sensitivity of market sentiment within the semiconductor industry. As SMCI prepares for its forthcoming announcement, it is crucial for market participants to closely monitor any further developments or indications that could impact the company's outlook and future performance. Ahead of SMCI’s results, which are set to be released after the close on April 30, analysts at Loop Capital raised their price target for the stock to $1,500 from $600, maintaining a Buy rating.