Two of the tech industry’s AI hardware companies are seeing their share prices drop after they reported their most recent quarterly earnings after the closing bell yesterday.

The stock prices of Super Micro Computer, Inc. (Nasdaq: SMCI) and Advanced Micro Devices, Inc. (Nasdaq: AMD) are down significantly over investor fears that artificial intelligence-related growth is lagging expectations. Here’s what you need to know.

Supermicro misses expectations

Shares in Super Micro Computer (aka Supermicro) are trading sharply lower in premarket as of the time of this writing. Currently, SMCI shares are down more than 16.2% to $47.95. The reason for this dramatic stock price drop has everything to do with the company’s just-announced Q4 2025 results.

The server maker announced Q4 net sales of

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