In today's video, I will be talking about recent updates regarding Super Micro Computer (SMCI -8.26%). Check out the short video to learn more, consider subscribing, and click the special offer link below.
Super Micro Computer (SMCI) shares moved higher in premarket trading on Tuesday after tumbling yesterday following news that the stock will be removed from the Nasdaq 100 Index and reports that the embattled server maker is exploring ways to raise capital.
The stock was attempting to rebound after an 8% slump Monday. as investors keep on waiting for the AI server maker's delayed earnings.
Super Micro Computer's (SMCI -8.26%) share price closed out the daily session down 8.3%. Meanwhile, the S&P 500 (^GSPC 0.38%) ended the day up 0.4%, and the Nasdaq Composite (^IXIC 1.24%) ended the session up 1.2%.
Super Micro Computer Inc (NASDAQ:SMCI) stock is down 6.8% to trade at $33.97 at last check, after Bloomberg reported that the tech giant is trying to raise equity and debt capital with assistance from Evercore ISI.
The share price of Super Micro Computer (NASDAQ: SMCI) plunged 15% in pre-market trading on December 16 as investors reacted to news regarding the company's future on a major stock index.
U.S. stock futures were slightly higher this morning, with the Nasdaq futures gaining around 0.2% points on Monday.
The company has hired investment bank Evercore and is considering selling more shares as well as bonds, it was reported Friday.
Super Micro Computer (SMCI -3.90%) stock lost ground over the last week of trading. The server company's share price ended the period down 17% from last week's market close, according to data from S&P Global Market Intelligence.
Super Micro Computer (SMCI -3.90%) has been one of the most polarizing stocks to own this year. It started out as a hot artificial intelligence (AI) company with mammoth potential, but it has recently become a risky investment with questionable and potentially inflated numbers due to poor accounting controls and procedures.
The stock has been on a wild ride this year and is set to end the week down.
Super Micro Computer stock has surged significantly from its November 2024 lows, stunning investors who bailed out and fled then. The special committee's findings indicated no evidence of fraud or misconduct, potentially reducing delisting risks. However, corporate governance lapses were still assessed, suggesting internal controls weren't as robust as what investors expected.