Super Micro Computer (NASDAQ: SMCI) stock slipped in Tuesday's trading. The company's share price closed out the daily session down 6.8%, according to data from S&P Global Market Intelligence. Notably, it had been down as much as 11.7% earlier in the day's trading, but it bounced back as some investors bought into the sell-off.

While there wasn't any business-specific news pushing Supermicro stock lower today, the server-and-storage technology company's share price lost ground as Wall Street weighed potential macroeconomic risks. The trend impacted many high-profile artificial intelligence (AI) stocks with growth-dependent valuations, including Nvidia and .

Before the market opened this morning, Home Depot published its fourth-quarter earnings results and set a bearish backdrop for the broader market. While the retailer may not seem to have much connection to AI stocks, the company's performance and guidance is a bellwether for the U.S. economy.

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Source Fool.com