Key TakeawaysSupermicro shares gained ground in premarket trading on Monday after rising nearly 80% last week, as the embattled server maker rebounded from a turbulent stretch.The recent gains follow the filing of a compliance plan last Monday to avoid a potential Nasdaq delisting, as well as a mention from partner and AI favorite Nvidia in the chipmaker’s earnings call on Wednesday.Supermicro shares broke down below support earlier this month before promptly reversing direction to create a potential bear t ...

Super Micro Computer (SMCI 11.62%) has taken investors on quite the roller coaster ride in 2024. It started the year at around $28 per share, then rocketed up to nearly $120 in March. It has since given up all of those gains and now trades back at the mark it started the year at, although it dipped to around $21 just a few days ago. That is whiplash that most investors don't expect to see, but there is a good reason for the rise and fall of Supermicro (as the company is often called for short). With the sto ...

Super Micro Computer (SMCI 11.62%) shareholders have been through a whirlwind lately. While the stock is up 1,480% in the last two years, it has also fallen over 70% from its record high in the last eight months. As one of Nvidia's largest partners, the server maker should benefit as demand for artificial intelligence (AI) infrastructure increases, but Supermicro has also been accused of accounting manipulation.Among the 12 analysts who follow the company, the median 12-month price target of $30.50 per shar ...

It's been a roller-coaster ride for Super Micro Computer's (SMCI 11.62%) stock this year, with a lot of big moves in both directions. After a hot start to the year, the company's shares began to slide following a short report from Hindenburg Research that accused the company of accounting manipulation. That was soon followed by the company delaying the filing of its 10-K annual report.The Wall Street Journal later reported that Supermicro was being investigated by the Department of Justice (DOJ) over potent ...

Core Insights - Super Micro Computer shares surged 12% on Friday, concluding a week where the stock rose nearly 80% [1] - The stock gains were driven by a mention from partner Nvidia during its earnings call and a compliance plan filed to avoid delisting [1] - Despite the recent surge, shares are still over 70% below their highs from March due to regulatory concerns related to accounting manipulation and filing delays [1] Company Developments - Super Micro Computer filed a compliance plan to stave off delisting, which still requires approval from Nasdaq [1][5] - Analysts from Mizuho indicated that the approval process for the compliance plan could take between two to five weeks, with a new filing deadline set for February [5] Market Context - The stock's closing price on Friday was $33.15, reflecting significant volatility and investor sentiment challenges [1][4] - The company is under pressure to complete its delinquent annual report after appointing a new auditor and requesting an extension from Nasdaq [5]

Key TakeawaysThe S&P 500 added 0.4% on Friday, Nov. 22, 2024, wrapping up a strong week for stocks highlighted by earnings from chipmaker Nvidia and major retailers.Super Micro Computer shares wrapped up a week of massive gains with an 11.6% advance on Friday, notching the top daily performance in the S&P 500 for the fourth time this week.Although Intuit posted strong sales and profit results, the financial software firm issued a lackluster outlook for the current quarter, and its shares moved lower. Major ...

The performance of a few stocks over the last few months has left a sour taste in investors’ mouths, with popular stocks such as NIKE (NKE) and Super Micro Computer (SMCI) unable to gain any meaningful traction.Image Source: Zacks Investment ResearchWhat’s been impacting shares? Let’s take a closer look at each.SMCI vs. Hindenburg Research SMCI shares have been decimated since making their all-time high in mid-March, a stark turnaround after an enormous run to begin the year. Shares faced pressure following ...

POLAND - 2024/11/15: In this photo illustration, a Super Micro 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 ImagesSuper Micro Computer stock (NASDAQ: SMCI) gained about 15% in Thursday’s trading and remains up by close to 66% over the past week. The gains come as the company appears to have bought itself more time from being delisted from the Nasdaq exc ...

The still-ongoing controversy surrounding Super Micro Computer (NASDAQ: SMCI) is one of the most notable events to happen in the booming semiconductor industry in 2024.Not so long ago, SMCI stock was up as much as 316% on a year-to-date (YTD) basis. Almost all of those gains have been erased — at the tail end of October, SMCI shares even went into the red. Allegations of fraud from short-selling activist group Hindenburg Research made in August caused an initial selloff. This was soon followed by Super Micr ...

Supermicro's highly volatile stock is getting a boost from Nvidia today.Super Micro Computer (SMCI 16.12%) stock is posting big gains in Thursday's trading. The company's share price was up 15.4% as of 1:15 p.m. ET.Supermicro stock is gaining ground on the heels of Nvidia's recently published third-quarter results. Supermicro is one of Nvidia's largest customers, and the artificial intelligence (AI) leader's Q3 results, commentary, and forward guidance are sending bullish signals for other AI stocks.Nvidia' ...