Shares of Super Micro Computer (SMCI), or Supermicro, dropped 15% to lead S&P 500 decliners Thursday on a report that the U.S. Department of Justice (DOJ) is investigating the server maker over possible accounting and other violations.
NEW YORK, NY / ACCESSWIRE / September 26, 2024 / If you suffered a loss on your Super Micro Computer, Inc. (NASDAQ:SMCI) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
Super Micro's stock took a deep dive Thursday, after the Wall Street Journal reported that the server maker and artificial-intelligence play was being investigated by the U.S. Justice Department.
Super Micro Computer had earlier this month denied claims made in a report by short-seller Hindenburg Research, saying it contained "false or inaccurate statements" about the server maker.
NEW YORK, NY / ACCESSWIRE / September 26, 2024 / If you suffered a loss on your Super Micro Computer, Inc. (NASDAQ:SMCI) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
Short-seller Hindenburg Research last month published a report that alleged it ‘found glaring accounting red flags' at the server maker.
Super Micro shares tumbled Thursday after the Department of Justice opened a probe into the company, according to a report from The Wall Street Journal. Super Micro makes computers that companies use as servers for websites, data storage and other applications.
The U.S. Department of Justice is investigating server maker Super Micro Computer , the Wall Street Journal reported on Thursday, citing people familiar with the matter.
LOS ANGELES, CA / ACCESSWIRE / September 26, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Super Micro Computer, Inc. ("Super Micro" or "the Company") (NASDAQ:SMCI) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between August 10, 2021 and August 26, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before October 29, 2024.
The server maker is being probed by the Justice Department following a critical report by an activist short-selling firm.
NEW YORK, NY / ACCESSWIRE / September 26, 2024 / If you suffered a loss on your Super Micro Computer, Inc. (NASDAQ:SMCI) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: Click Here or contact Joseph E. Levi, Esq.
Super Micro Computer stock (NASDAQ: SMCI) has experienced considerable volatility this year, although a potential boost may be on the horizon with the company's upcoming 10-for-1 stock split. SMCI stock rose nearly eightfold over the past two years—from about $60 per share in September 2022 to levels of about $460 today, led by strong demand for servers from AI data centers.