According to The Kobeissi Letter, Super Micro Computer (SMCI) stock plummeted nearly 20% following the release of weak preliminary financial results on April 29, 2025. The sharp decline signals heightened bearish sentiment and increased volatility, with traders reacting swiftly to the disappointing earnings outlook. This significant move may trigger further downside momentum and stop-loss selling, while also increasing short interest in the near term. Active traders are closely monitoring $SMCI for potential support levels and reversal signals as the market digests the updated financial guidance (Source: The Kobeissi Letter via Twitter, April 29, 2025).