Nvidia Shares Slip After Super Micro’s Disappointing Q3 Preview

Super Micro’s Revenue Warning Sends Ripples Through AI Hardware

Nvidia (NASDAQ:NVDA) shares fell 1.7% in after-hours trading Tuesday following Super Micro Computer’s (NASDAQ:SMCI) preliminary Q3 outlook, which came in well below both its prior guidance and street estimates. Super Micro now expects net sales of $4.5–4.6 billion versus an earlier range of $5–6 billion (consensus $5.41 billion), and non-GAAP EPS of $0.29–0.31 against a prior $0.46–0.52 forecast (consensus $0.54). Delayed platform decisions pushed orders into Q4, and higher inventory reserves on older-generation servers weighed on margins.

Broader Tech Impact: Dell Also in the Red

The setback for Super Micro rippled across the server sector—Dell (NYSE:DELL) slid 4.8% after hours—underscoring how Nvidia’s chip content in AI-optimized hardware ties its fortunes to partner execution. While next-gen design wins remain “robust,” the quarter’s hiccup highlights the seasonal and decision-timing risks in enterprise buying cycles.

Analyst Consensus Still Bullish on Nvidia

Despite the late-day selloff, analysts remain confident in Nvidia’s long-term outlook. According to Financial Modeling Prep’s Price Target Summary API, the consensus 12-month price target for NVDA sits about 20% above its current trading level, reflecting expectations for continued leadership in AI acceleration and data-center expansion.

What to Watch Next

• Super Micro’s Q3 call: Look for updated margin commentary and order timing

• Nvidia’s guidance: Any revisions in its data-center outlook will be crucial

• Sector flow: Tracking AI-server order books and inventory metrics can signal broader hardware demand

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