US Stock Market Move | Chip stocks fell, Super Micro Computer, Inc. (SMCI.US) fell more than 7.5%

On Wednesday, Super Micro Computer, Inc. (SMCI.US) stock price dropped, with the stock falling over 7.5% to $26.14 at the time of writing. Chip stocks were generally down, with NVIDIA Corporation (NVDA.US) dropping over 2.6%, Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) falling over 2.7%, AMD (AMD.US) dropping over 1.3%, and Micron Technology, Inc. (MU.US) falling over 1%. On the news front, NVIDIA Corporation is set to release its earnings report after the U.S. stock market closes today. Wall Street analysts widely expect that NVIDIA Corporation's third quarter total revenue will increase by 84% year-on-year, with net profit soaring to $17.45 billion.