Investors are keeping cautious on Nvidia (NVDA) shares today after Super Micro Computer (SMCI) reported devastating preliminary results for its third fiscal financial quarter. SMCI came in below Street estimates in Q3 due to “delayed customer platform decisions” and “higher inventory for older generation products,

Super Micro Computer ( SMCI) was the worst-performing stock in the S&P 500 when the troubled computer server maker provided preliminary fiscal third-quarter results that were below forecasts, explaining that customers delayed purchases.

Super Micro Computer Inc (NASDAQ:SMCI) stock is 16.4% lower to trade at $30.11 at last check, after the company lowered fiscal third-quarter profit and revenue guidance well below analysts' expectations. The software concern noted customers postponed orders for its servers and computing products, delaying up to $1.4 billion in sales.