Super Micro Computer(SMCI)
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Super Micro Computer Cleared of Misconduct, Options Bulls Respond
Schaeffers Investment Research· 2024-12-03 17:15
Super Micro Computer Inc (NASDAQ:SMCI) stock added a whopping 28.7% last session, after the server company said a review committee found no evidence of fraud or misconduct among its leaders. This follows Ernst & Young's resignation as its auditor over governance and board independence disagreements, which preceded the shares' Oct. 30 bear gap of 32.7%.SMCI was last seen trading near breakeven at $41.65, and still sports a healthy 46.5% year-to-date lead. The security is bouncing off a Nov. 15, 52-week low o ...
Super Micro Computer's Shocking Updates Ignite a Massive 25% Stock Rally
The Motley Fool· 2024-12-03 16:01
Super Micro Computer announced massive changes that investors should know.In today's video, I discuss recent updates impacting Super Micro Computer (SMCI -1.31%). To learn more, check out the short video, consider subscribing, and click the special offer link below.*Stock prices used were the market prices of Dec. 2, 2024. The video was published on Dec. 2, 2024. ...
Super Micro Computer Stock Soars, but I See Only Red Flags
The Motley Fool· 2024-12-03 16:00
In this video, I will cover the recent updates regarding Super Micro Computer (SMCI -5.46%). Watch the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Dec. 2, 2024. The video was published on Dec. 2, 2024. ...
Why Super Micro Computer Stock Jumped in November and Could Soar Even Higher
The Motley Fool· 2024-12-03 15:10
Super Micro Computer (SMCI 7.14%) stock had a big November and has begun December with a bang. It's been a somewhat hectic time for the supplier of artificial intelligence (AI) server stacks and coolant systems. Yet if all the concerns turn out to be less impactful than many investors have feared, there could be much more upside for these shares, too.The big recovery in Supermicro shares started with a 12.1% gain over the month of November, according to data provided by S&P Global Market Intelligence. But i ...
Up 30% On Monday, What's Next For Super Micro Stock?
Forbes· 2024-12-03 14:00
POLAND - 2024/11/06: In this photo illustration, a SuperMicro logo is displayed on a smartphone with ... [+] stock market percentages in the background. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesServer maker Super Micro Computer stock (NASDAQ: SMCI) extended its recent rally, gaining close to 29% on Monday. The gains follow the company’s release of an investigation into its accounts conducted by a special board committee, along with ...
Why SMCI stock is surging
Finbold· 2024-12-03 11:52
After troubling months dominated by accounting concerns, the share price of Super Micro Computer (NASDAQ: SMCI) is rallying after it emerged that the artificial intelligence (AI) giant had no misconduct.At the close of trading on December 2, SMCI was at $42, gaining over 28% for the day. In the past month, the stock has been up 61%. In 2024, SMCI has rallied 47%. In pre-market trading on December 3, the equity is up over 6%, trading at $44.SMCI one-week stock price chart. Source: FinboldWhy SMCI stock is ra ...
Super Micro Shares Jump 7% In Premarket As Special Committee Clears It Of 'Misconduct' Allegations, But Top Investment Bank Flags 2 Key Aspects To Watch
Benzinga· 2024-12-03 10:58
Super Micro Computer Inc. SMCI announced the completion of an independent review on Monday. The review, conducted by an Independent Special Committee, found no “evidence of misconduct” by the company’s management or board.What Happened: The review was initiated in response to allegations of misconduct. Following the report, the company shares popped over 30% on Monday and gained 7% during Tuesday’s premarket session.Despite acknowledging "modest lapses," JPMorgan analysts have highlighted two crucial aspect ...
Supermicro Stock Price Levels to Watch After Monday's Near-30% Surge
Investopedia· 2024-12-03 03:30
Key TakeawaysSupermicro shares jumped nearly 30% Monday after the server maker announced that an independent review of its accounting practices found no wrongdoing. The stock has reclaimed the lower trendline of a descending broadening formation that has been in play since the stock topped out in early March.Investors should watch key overhead areas on Supermicro's weekly chart around $50, $64, and $97, while monitoring major support levels near $30 and $23. Super Micro Computer (SMCI) shares jumped nearly ...
Super Micro Computer Shares Spike 29% After Company Says Review Found ‘No Evidence' Of Fraud
Forbes· 2024-12-02 23:34
ToplineShares of information technology firm Super Micro Computer closed up nearly 30% on Monday after the company said an independent committee found “no evidence of fraud or misconduct”—after a rocky 2024 marked by governance concerns raised by a former auditor and other alleged accounting issues.Super Micro shares closed up almost 30% on Monday. (Photo Illustration by Omar Marques/SOPA ... [+] Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images Key FactsSuper Micro shares closed ...
S&P 500 Gains and Losses Today: Supermicro Surges as Independent Probe Concludes
Investopedia· 2024-12-02 22:20
Key TakeawaysThe S&P 500 added 0.2% on Monday, Dec. 2, as tech, communication, and consumer discretionary stocks helped the index build on last week's record close.Super Micro Computer shares skyrocketed after the server maker said an independent review committee found no evidence of accounting wrongdoing.Natural gas prices slipped, pressuring shares of pipeline operator Targa Resources and others in the natural gas industry. Major U.S. equities indexes were mixed as December trading began, with many househ ...