BlackJack3D It's been a volatile 2024 so far for shares of Super Micro Computer, Inc. or "Super Micro" (NASDAQ:SMCI) (NEOE:SMCI:CA). In tandem with NVIDIA Corporation or "Nvidia" (NVDA), the high-performance server and storage solutions provider has been widely viewed as a prime beneficiary of ballooning investments into generative AI. Yahoo Finance Indeed, sales have skyrocketed in recent quarters, but related working capital requirements have resulted in materially negative cash flow. In addition, the com ...

SAN DIEGO, Aug. 28, 2024 (GLOBE NEWSWIRE) -- DiCello Levitt LLP announces that it is investigating whether Super Micro Computer, Inc. ("Super Micro" or the "Company") (NASDAQ: SMCI) complied with federal securities laws. The Firm's investigation focuses on whether the Company violated the federal securities laws, issued false and/or misleading statements, and/or failed to disclose information required to be disclosed to investors. Investors who purchased Super Micro securities and those with information abo ...

NEW YORK, Aug. 28, 2024 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Super Micro Computer, Inc. (NASDAQ: SMCI) resulting from allegations that Super Micro Computer may have issued materially misleading business information to the investing public. So What: If you purchased Super Micro Computer securities you may be entitled to compensation without payment of any out of pocket fees or costs throu ...

SMCI plummets after delaying a key filing … how did Nvidia's earnings come in? … Berkshire Hathaway tops $1 trillion … how many years of "suck" can you handle? Today, AI market-darling Super Micro Computer (SMCI) blew up as fears of fraud intensified. As I write Wednesday afternoon, the stock is down 25% after the company delayed filing its annual report with the Securities and Exchange Commission. Ordinarily, such a delay might raise some eyebrows, but it wouldn't lead to such a violent market reaction. Th ...

Key Takeaways The S&P 500 slipped 0.6% on Wednesday, Aug. 28. 2024, as tech stocks stumbled ahead of the afternoon's earnings release from Nvidia. Shares of Super Micro Computer plunged after the company said it would delay the filing of its annual report. Persistent inflation and restrained consumer spending weighed on shares of Bath & Body Works and J.M. Smucker. Major U.S. equities indexes moved lower on Wednesday as tech stocks underperformed ahead of the hotly anticipated earnings report from Nvidia (N ...

SAN DIEGO, Aug. 28, 2024 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP is investigating whether Super Micro, Inc. (NASDAQ: SMCI) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors' losses and whether they may be recovered under federal securities laws. What if I purchased Super Micro securities? If you purchased securities and suffered losses ...

The stock price of American information technology giant Super Micro Computer (NASDAQ: SMCI) is experiencing a free fall as the company faces questions regarding its accounting practices. Indeed, the accusations have resulted in an adverse investor reaction, considering that they call into question its overall financial stability. By press time, SMCI was trading at $409, having corrected over 25% in the last 24 hours. On the weekly chart, the stock is down almost 35%. Notably, SMCI's inroads into the artifi ...

Key Takeaways Super Micro Computer shares plummeted during intraday trading on Wednesday. The server and data center tech maker announced it would be delaying the filing of its annual report with the Securities and Exchange Commission (SEC). The announcement of the delay comes after Hindenburg Research, an activist investment research firm focused on short selling, published a report that accused the company of accounting anomalies and disclosed a short position on Tuesday. Super Micro Computer (SMCI) share ...

Shares of Super Micro Computer, Inc. SMCI are getting pummeled. A research firm has alleged that the company illegally manipulated its accounting records, along with other improprieties. Whether or not these allegations are true remains to be seen. But the stock is in a freefall and many traders and investors are wondering where it will end. This is why our team of trading experts has made it our "Stock of the Day." If the shares keep heading lower there is a good chance the selloff ends or pauses around $3 ...

Key Takeaways Super Micro Computer shares fell again Tuesday after Hindenburg Research disclosed a short position in the server maker and published a report that accuses the company of accounting anomalies, among other issues. The share price recently made a failed retest of a descending triangle's lower trendline, finding selling pressure near the 200-day moving average. Amid further weakness in Super Micro shares, investors should monitor key price levels on the chart at $479, $357, and $260. Super Micro ...