Super Micro shares remain under pressure Monday as they threaten to clock in as one of the S&P 500’s worst performers on the day.
The server maker’s stock is off 7.9% late in Monday’s session and on pace for its worst daily performance since it dropped 14% on May 1. The stock is also the second-largest decliner in the S&P 500 with about 10 minutes to go in the trading session.
Super Micro shares are on pace to fall for the third session in a row. They’re off more than 29% from their March closing high of $1,187.07.
Other major laggards in the chip sector include shares of Nvidia, which are down more than 6%, and of Qualcomm, which are down more than 5%.