Super Micro Computer will conduct a 10-for-1 stock split at the end of September. Super Micro Computer (SMCI -12.17%) has been through a whirlwind of ups and downs in recent months. Its stock soared 188% during the first half of 2024 due to excitement about the company's increasingly important role in the artificial intelligence (AI) economy. That run-up helped Super Micro secure a spot in the S&P 500 (^GSPC 0.40%) in March. Tremendous share price appreciation also prompted Super Micro to schedule a 10-for- ...

SAN DIEGO, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that the Super Micro class action lawsuit – captioned Averza v. Super Micro Computer, Inc., No. 24-cv-06147 (N.D. Cal.) – charges Super Micro Computer, Inc. (NASDAQ: SMCI) and certain of Super Micro's top executives with violations of the Securities Exchange Act of 1934. Subsequently filed complaints are captioned Menditto v. Super Micro Computer, Inc., No. 24-cv-06149 (N.D. Cal.), and Spatz v. Super Micro Computer, Inc ...

Super Micro Computer is gearing up for a stock split on Oct. 1, but investors are feeling jittery following recent reports. Super Micro Computer (SMCI -12.17%) stock got crushed today following a report that the company is being investigated by the Department of Justice (DoJ). The server specialist's share price closed out the day's trading down 12.2%, and it had been down as much as 18.6% earlier in the session. The Wall Street Journal reported today that the DoJ is in the early stages of conducting an inv ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. S ...

SAN DIEGO, Sept. 26, 2024 (GLOBE NEWSWIRE) -- On August 30, 2024, DiCello Levitt LLP ("DiCello Levitt") filed a class action lawsuit in the U.S. District Court for the Northern District of California alleging violations of the federal securities laws by Super Micro Computer, Inc. (NASDAQ: SMCI) ("Super Micro" or the "Company") and certain of the Company's senior executives (collectively, "Defendants"). The action is brought on behalf of all persons or entities that purchased or otherwise acquired Super Micr ...

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Sept. 26, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Super Micro Computer, Inc. ("Super Micro" or the "Company") (NASDAQ: SMCI) investors of a class action representing investors that bought securities between February 2, 2021 and August 28, 2024, inclusive (the "Class Period"). Super Micro investors have until October 29, 2024 to file a lead plaintiff motion. Investors are encouraged to contact ...

Key Takeaways Super Micro Computer, or Supermicro, reportedly is under investigation by federal officials over questions about its accounting. The Wall Street Journal said the probe followed a scathing report in August from short seller Hindenberg Research that claimed improprieties at the computer server manufacturer. A former employee filed a whistleblower lawsuit against Supermicro earlier this year, pointing to accounting irregularities. Shares of Super Micro Computer (SMCI), or Supermicro, dropped 15% ...

SAN FRANCISCO, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Super Micro, the beleaguered data center technology company, is facing a federal criminal investigation after a critical report by short-seller Hindenburg Research, according to the Wall Street Journal. The U.S. Attorney's Office in San Francisco has reportedly contacted individuals with potential knowledge of accounting irregularities at the company, according to sources familiar with the matter. The news sent Super Micro's shares plummeting by as much as 1 ...

Super Micro Computer shares fell more than 12% on Thursday after the Justice Department reportedly opened a probe into the company, which has been a major beneficiary of the artificial intelligence boom. The probe is in its early days, according to a report from The Wall Street Journal, and it comes after Hindenburg Research disclosed a short position in the company in late August. Hindenburg said it identified "fresh evidence of accounting manipulation," according to its report. CNBC could not independentl ...

UKRAINE - 2023/10/12: In this photo illustration, Supermicro (Super Micro Computer Inc.) logo is ... [+] seen on a smartphone screen. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images 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 abou ...