The tech-heavy index entered correction territory as stimulus hopes and brightening economic prospects sapped investors’ appetite for government bonds and the once highflying shares.
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The tech-heavy index entered correction territory as stimulus hopes and brightening economic prospects sapped investors’ appetite for government bonds and the once highflying shares.
The post Nasdaq Enters Correction Territory as Tech Shares Sink first appeared on Online Web Store Site.
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Super Micro Computer Inc. said Thursday the Nasdaq has approved its application for relisting company shares on the stock exchange. The stock is expected to begin trading on Jan. 14 under the ticker SMCI. Super Micro had been delisted after missing filing deadlines and thus was out of compliance with Nasdaq requirements. “This marks our successful comeback and is the culmination of our efforts to become current with our SEC filings. We are pleased to begin a new chapter for Super Micro that is based on improved internal controls and a dedication to profitable growth,” Super Micro Chief Executive Charles Liang said in a statement. In the same statement, the company said it expects fiscal 2020 second-quarter revenues in a range between $850 million and $880 million, compared with a previous guidance between $810 million and $870 million.
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