SMCI is trading at $27.54, down 5.3% as reports of a significant order cancellation from Oracle overshadow the announcement of a major 714,000-square-foot campus expansion in San Jose.
- The company announced the massive Silicon Valley expansion today, but investor sentiment is being weighed down by the potential loss of a major customer.
- The move follows a volatile week for the stock, which surged 8.7% on April 24 before giving back gains as the Oracle contract concerns emerged.