Shares of server and storage solution specialist Super Micro Computer (NASDAQ: SMCI) slumped Monday morning, shedding as much as 5.7%. As of 1:33 p.m. ET, the stock was still down 2.5%.

The catalyst that pushed the stock lower was a downgrade and a bearish forecast by a Wall Street investment firm.

Super Micro Computer, also called Supermicro, has been on fire in 2023, gaining more than 230% so far this year through Friday's market close.

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Source Fool.com