US stocks drop as AI trade takes a breather ahead of Nvidia earnings
Nvidia and Super Micro Computer stock both declined by about 5% on Tuesday as investors take profits ahead of what could be market-moving earnings.
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Super Micro Computer has soared 938% over the past year. Bank of America says it can go even higher thanks to AI.
Bank of America expects Super Micro Computer's AI-enabled servers to take market share from competitors and drive significant revenue growth.
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