By Simply Wall St
Publication Date: 2026-04-24 10:05:00
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Oracle has reportedly canceled a major contract with Super Micro Computer for hundreds of Nvidia-based server racks, with more than $1 billion in potential revenue at stake.
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The move follows the indictment of a company co-founder over allegations of illegal technology exports to China.
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The situation raises questions about Super Micro Computer’s ability to attract and retain large AI infrastructure customers.
Super Micro Computer, NasdaqGS:SMCI, is about to face fresh scrutiny as its AI server story has attracted widespread attention. The stock is trading at $26.75, up 20.3% in the last 30 days, down 13.6% year to date, and down 25.3% over the past year. These mixed returns coincide with very large gains over the last five years. Therefore, the recent news hits a company that many investors already associate with high hopes and expectations…