By Fiona Craig
Publication Date: 2026-04-23 14:09:00
Shares of Super Micro Computer (NASDAQ:SMCI) fell 10% on Thursday after reports that the company lost a large contract with Oracle for Nvidia (NASDAQ:NVDA) GB300 NVL72 server racks.
According to Bluefin Research, Oracle canceled between 300 and 400 racks previously ordered from Super Micro, with each unit valued at about $3.5 million. This implies an overall loss in contract value estimated at $1.1 billion to $1.4 billion.
According to the report, Super Micro had already delivered between 100 and 200 racks before the cancellation.
Industry sources cited by Bluefin suggested that the decision may be related to the indictment of a co-founder of Super Micro over allegations of illegally exporting AI GPUs to China.
The research note goes on to say that Taiwanese manufacturer Wiwynn is believed to have taken over the shelf business following the cancellation.
Bluefin also pointed to a slowdown in Super Micro…
