Shares of Super Micro Computer Inc(NASDAQ:SMCI) have seen their largest decline in nearly two months on Friday, following the company’s announcement of the date for its third-quarter results without providing an advance look at the numbers. The stock plummeted as much as 15%, marking its largest single-day drop since February 23. Additionally, it is currently trading at its lowest level since February. While performing strongly earlier in the year, with shares surging over 180% in 2024, the stock has lost a third of its value since reaching a peak in March. Wells Fargo Securities noted that the absence of a positive advance look from Super Micro, coupled with an important artificial intelligence (AI) data point, is seen negatively. The firm maintains an equal weight rating on the stock. The third-quarter results are scheduled for release on April 30. In January, Super Micro provided preliminary financial results that were well-received by investors, fueling a rally in the stock in 2024. The company’s robust performance led to its inclusion in the S&P 500 index in March. On a broader scale, technology stocks are experiencing a downturn on Friday, with geopolitical concerns contributing to a 0.9% decline in the Nasdaq 100 Index. Among other AI-related stocks, Nvidia Corp (NASDAQ:NVDA) dropped 3%, while Dell Technologies Inc (NYSE:DELL) saw a decline of 1.6%.