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Super Micro Computer Inc. (NASDAQ:SMCI) shares are falling on Wednesday afternoon. The Nasdaq is up 0.17% while the S&P 500 has shed 0.28%.
• Super Micro Computer shares are retreating from recent levels. What’s behind SMCI decline?
Oracle Cancels Massive Server Order
According to Bluefin Research on Thursday, Oracle Corp. (NYSE:ORCL) reportedly canceled an order for 300 to 400 NVIDIA Corp. (NASDAQ:NVDA) GB300 NVL72 racks.
Each rack costs $3.5 million. This represents a contract loss between $1.1 billion and $1.4 billion. Bluefin estimates SMCI shipped only 100 to 200 racks before the termination.
Legal Headwinds …
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