Super Micro Computer gets extension to file delayed annual report
Super Micro Computer said on Friday it has received an extension from the Nasdaq till Feb. 25 to file its delayed annual and quarterly reports, sending the AI server maker's shares up 5% in extended trading.
Navigating The Risks: Why Super Micro Computer Still Holds Promise For Bold Investors (Upgrade To A Buy)
Supermicro's stock dropped 64% from my sell call on October 17, 2024, due to DoJ investigation and accounting concerns, hitting a low of $17.25 on November 15, 2024. The stock rebounded 143% from its low to $42 by December 2, 2024, as the company addressed initial accounting issues. Investors should remain cautious until an audited report is filed, despite recent positive developments like appointing BDO USA as an independent auditor.
Super Micro Stock Is in a Yo-Yo Pattern. This Could Change That.
The shares have been up and down all week. They're rising again today after falling in the previous session.
SuperMicro Shares Soar After Special Committee Review. Is It All Clear to Buy the Stock?
Super Micro Computer (SMCI -1.60%) continued its rollercoaster ride this year, most recently seeing a surge in its shares after saying an independent special committee found no wrongdoing in the company's accounting. The stock started the year hot, quadrupling within the first three months, but after questions popped up surrounding its accounting, the stock gave back all its gains and more and found itself in negative territory at points in November.
Where Will Super Micro Computer Stock Be in 2 Years?
With shares trading up around 59% in the last 30 days, Super Micro Computer (SMCI -1.60%) is showing signs of recovery as investors become more confident that it can remain listed on the Nasdaq Composite stock exchange. However, given all the turmoil this tech company has been dealing with over the past several months, investors considering this stock are wondering: Is this the start of a long-term recovery, or just a temporary respite on what appears to be a steep spiral downward?
Why Super Micro Computer Stock Rocketed Nearly 30% This Week
One of the most volatile stocks in recent months has been Super Micro Computer (SMCI -1.56%). The company is in the business of providing solutions for the massive data center computing power needed in the artificial intelligence (AI) field.
Super Micro Gets AI Boost From Musk. The Stock Falls as Worries Feed Volatility.
The company has had its ups and downs recently but it's still a major player in the AI revolution.
Super Micro Computer: That Was A Game Changer
SMCI's stock surged 65% following my latest "Buy" reiteration, driven by the new auditor's appointment and after an internal review found no misconduct. I believe that this latest news can truly be described as "game-changing" because it fundamentally changes the market's sentiment towards SMCI. Another catalyst needed to fully restore market confidence in SMCI is its SEC reporting and Nasdaq compliance, which I expect to see addressed by late December 2024-January 2025.
Super Micro's Turning Point
Investigation revealed no evidence of misconduct by management or the Board, confirming financial integrity and governance independence. SMCI expects no restatements for FY2024, reducing risks of severe accounting disruptions or investor confidence loss. The board adopted the Special Committee's recommendations, including hiring a new CFO, Chief Compliance Officer, and General Counsel to strengthen oversight.
Super Micro Computer: 3 Reasons The Stock Now Appears Very Buyable
Super Micro Computer's internal review found no misconduct, no need to restate financials, and implemented stronger guardrails, significantly de-risking the stock. Despite recent financial woes, SMCI's core business remains strong, driven by high demand for Nvidia-enabled compute servers. SMCI's valuation has become attractive, trading at lower multiples, presenting a compelling buying opportunity given the company's growth potential.
Here's why SMCI could reach $122 in 2025
After months of turbulence tied to accounting concerns, Super Micro Computer (NASDAQ: SMCI) is making a remarkable recovery. On December 2, the stock surged 28%, closing the day at $42.
Super Micro Stock Falls. What Wall Street Thinks Happens Next as Risks Remain.
The stock fell 4% Tuesday and edged lower again ahead of the open Wednesday. The market is still anxiously awaiting the AI server maker's delayed financial reports.
