Super Micro slumps after cutting quarterly forecast; drags Nvidia, AMD

AI server maker Super Micro Computer's SMCI.O shares fall 17% to $29.71 after the bell

SMCI cuts Q3 revenue and profit forecasts

Expects revenue between $4.5 billion and $4.6 billion, down from earlier forecast of $5 billion to $6 billion

Cuts adj. EPS forecast to be between 29 cents to 31 cents, from earlier range of 46 cents to 62 cents

Nvidia's NVDA.O shares also fall 2%; SMCI makes high-performance servers featuring chips from the AI chip leader

AMD AMD.O falls nearly 1%

SMCI has risen over 18% YTD