SAN FRANCISCO, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Super Micro Computer Inc. (NASDAQ: SMCI) is facing a broadened securities class action lawsuit, alleging that the company and certain of its top executives engaged in a fraudulent scheme that inflated the company's stock price. Hagens Berman urges Super Micro Computer, Inc. (NASDAQ: SMCI) investors who suffered substantial losses to submit your losses now. Expanded Class Period: Feb. 2, 2021 – September 25, 2024 Lead Plaintiff Deadline for All Class Actions: ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Key Takeaways Super Micro Computer shares surged Monday as the server maker reported strong shipments of its GPUs, driven by artificial intelligence (AI) demand. The server maker said it recently deployed 100,000 GPUs. with its liquid cooling technology to "some of the largest" AI factories. CEO Charles Liang said "state-of-the-art" data center operators are turning to Super Micro Computer's products to meet their technical and financial goals. Super Micro Computer (SMCI) shares soared Monday as the server ...

Super Micro Computer (SMCI, Financial) stock surged by 12.2% today following a positive update on its sales performance. The company reported continued strength in sales despite prior concerns over accounting practices and a delayed 10-K annual report. Recently, SMCI has faced scrutiny over its profit margins and accounting protocols, leading to a 44.61% decline over the past 12 weeks. However, today's announcement has provided a much-needed boost to investor confidence, resulting in a significant uptick in ...

Despite concerns from some investors, Super Micro says its business is still flourishing. Super Micro Computer (SMCI 14.18%) stock has been under pressure for the last several months. But an update from the company had shares soaring today. Investors have been concerned about dropping profit margins, questions about accounting practices, and the delay in Supermicro filing its 10-K annual report. However, the company says sales are still robust. Those issues have sent the stock down by 44% over the past thre ...

NEW YORK, Oct. 05, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Super Micro Computer, Inc. (NASDAQ: SMCI) and certain of the Company's senior executives for potential violations of the federal securities laws. If you invested in Super Micro Computer, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/super-micro-computer-inc. Investors have until October 29, 2024 to ask ...

SAN DIEGO, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Super Mirco Computer, Inc. (NASDAQ: SMCI) securities between August 10, 2021 and August 26, 2024. SMCI is an international company that develops, manufactures, and provides server and storage systems for various markets, including data centers, cloud computing, AI, 5G, and edge computing. For more information, submit a f ...

Super Micro Computer (SMCI) shares have jumped 46.2% year to date, outpacing the Zacks Computer – Storage Devices industry, the broader technology sector and the S&P 500 index's returns of 2.4%, 22.6% and 20%, respectively. This impressive performance can be attributed to the company's solid position in artificial intelligence (AI) infrastructure market. SMCI boasts technology and product leadership in Generative AI training and inferencing. The company's diversified AI portfolio and strong AI integrations ...

SAN FRANCISCO, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Super Micro Computer, Inc. (SMCI) is facing increasing scrutiny from analysts and investors, with Barclays Capital recently raising several concerns for the company. In a report published today, Barclays cited near-term margin pressures, uncertainty surrounding internal controls, and a lack of visibility on GB200 orders as key headwinds. These concerns are compounded by the ongoing investor class action lawsuits alleging securities fraud against Super Micro a ...

NEW YORK, Oct. 03, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Super Micro Computer, Inc. (NASDAQ: SMCI) between August 31, 2023 and August 28, 2024, both dates inclusive (the "Class Period"), of the October 28, 2024 lead plaintiff deadline in the securities class action first filed by the firm. SO WHAT: If you purchased Super Micro Computer securities during the Class Period you may be entitled to compensation without payment of any o ...