Super Micro plunges ahead of third-quarter earnings later this month [Video]

Nvidia shares fell 10% on Friday, the worst day for the chipmaker since March 2020, when the company’s value was one-twelfth of its current $1.9 trillion market cap.

The stock plunge wasn’t tied to any news out of Nvidia. But Super Micro Computer, one of the vendors that build Nvidia-based servers, saw shares drop 23% Friday after the company broke from its recent pattern of providing preliminary results, and announced it would report earnings later this month.

In January, Super Micro increased its sales and earnings guidance 11 days before announcing second-quarter financials. The company will report fiscal third-quarter results on April 30.

Super Micro and Nvidia were the two worst performers in the S&P 500 on Friday. Super Micro was added to the index in March.

Similar to Nvidia, Super Micro has seen its sales skyrocket of late on the back of insatiable demand for Nvidia-based computers that are used to build artificial …