The analysis of SMCI stock indicates a recent drop due to missed earnings and revenue, with profit margins lower than expected and a slashed yearly outlook from $40B to $33B. Issues include tariffs, supply delays, and tougher competition causing investors to sell, leading to a gap down. While the previous technical analysis was optimistic, fundamental issues have crushed the stock. The stock closed at $44.60, approaching the $44 support level. A bounce from this support is possible to fill the gap at $47.85, but a further drop to the $37 support level is also possible. The stock is retracing its breakout from long-term resistance. A sustained hold at $44 or $37 is needed for medium-to-long-term stability. Buyers need to step in to correct the aggressive downward movement. Resistance could be around $62.32.