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Artificial server company Super Micro Computer, Inc (NASDAQ:SMCI) shares are trading lower Wednesday following the US intensifying semiconductor sanctions against China and Presidential candidate Donald Trump‘s criticism of key contract chipmaker Taiwan Semiconductor Manufacturing Company (NYSE:TSM).
The Biden administration is considering implementing the Foreign Direct Product Rule (FDPR), which permits controls on foreign-made products using even minimal amounts of American technology. Additionally, the US may impose further sanctions on specific Chinese chip companies.
Furthermore, Trump’s recent comments stirred concerns in the semiconductor sector. Trump suggested that Taiwan Semiconductor, a key supplier for Nvidia, should compensate the U.S. for its defense.
Super Micro Computer is a crucial Nvidia supplier. In an interview with CNBC’s Jim Cramer on Monday, CEO Charles Liang expressed optimism about the AI server company’s growth trajectory, stating, “This AI revolution can be bigger even than the industrial revolution.”
Super Micro Computer stock has gained over 190% in the last 12 months. Investors can gain exposure to the stock through Vanguard Mid-Cap Growth ETF (NYSE:VOT) and iShares Russell Mid-Cap ETF (NYSE:IWR).
Price Action: SMCI shares were down 4.00% at $841.26 at the last check Wednesday.
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