Super Micro Computer(SMCI)
Search documents
Here's why Super Micro (SMCI) stock price is crashing
Finbold· 2024-12-11 10:49
Core Insights - The stock of Super Micro Computer (SMCI) experienced significant volatility in 2024, initially rising due to the AI rally before facing a sharp decline following allegations of accounting malpractice [1][2][3]. Group 1: Stock Performance - SMCI shares rose from $28.55 at the beginning of the year to a high of $118.81 in mid-March, marking a 316.14% increase [1][2]. - By August 26, the stock price had fallen to $54.76, and after the release of a report by Hindenburg Research, it dropped further to a range of $38.65 to $49.12 [2][3]. - Following the resignation of the company's auditor, Ernst & Young, the stock plummeted to $18.01 [3]. - As of the latest update, SMCI shares recovered to $40.54, but experienced an 8.20% crash on December 10, with premarket trading showing prices as low as $38.99, totaling an 11.70% decrease [4][6]. Group 2: Regulatory and Management Changes - The NASDAQ granted Super Micro an extension until February 25, 2025, to file its delayed reports, which was anticipated after the company proposed a compliance plan [6]. - The appointment of Kenneth Cheung as the new chief accounting officer and plans to fill other key positions were viewed positively by the market [7]. Group 3: Market Dynamics - The potential reconstitution of the NASDAQ-100 index on December 13 may have contributed to the stock's decline, with speculation that SMCI could be replaced by companies like Palantir or MicroStrategy [8]. - Investors who purchased shares during the dip may be taking profits, as the stock has increased by 125.09% from its lowest point in mid-November [8].
Super Micro Computer: That Was A Game Changer
Seeking Alpha· 2024-12-04 22:20
Group 1 - The article discusses the benefits of subscribing to Beyond the Wall Investing, which provides access to high-quality equity research reports, potentially saving investors thousands of dollars annually [1] - The coverage of Super Micro Computer (NASDAQ: SMCI) stock was initiated in mid-January 2024, indicating a focus on this particular company [1] - Beyond the Wall Investing offers features such as a fundamentals-based portfolio, weekly analysis from institutional investors, short-term trade alerts based on technical signals, and community engagement [1] Group 2 - The article emphasizes that the analyst has a beneficial long position in SMCI shares, indicating a personal investment interest in the company [1] - It is noted that the article reflects the analyst's own opinions and is not influenced by compensation from any company mentioned [1]
Super Micro's Turning Point
Seeking Alpha· 2024-12-04 18:53
Group 1 - Recent events at Super Micro Computer, Inc. (NASDAQ: SMCI) align well with prior assumptions regarding stabilization following the appointment of a reputable auditor [1] - The Special Committee investigation has been completed, indicating a resolution to previous concerns [1] - The founder of Yiazou IQ, an AI-driven stock research platform, has a background in external/internal auditing and consulting, enhancing the credibility of the analysis [1] Group 2 - The investment style focuses on GARP/Value stocks, emphasizing high-quality, reasonably priced businesses with strong competitive advantages and significant growth potential [1] - The approach prioritizes fundamentals and seeks stocks trading at a discount to intrinsic value, ensuring a clear margin of safety [1] - A long-term investment horizon of 5-7 years is aimed at wealth accumulation through compounding while emphasizing downside protection [1]
Super Micro Computer: 3 Reasons The Stock Now Appears Very Buyable
Seeking Alpha· 2024-12-04 16:45
Group 1 - SMCI's stock experienced a significant increase of over 1,400% from January 2023 to spring 2024, but has since begun to decline during the summer [1] - The focus of PropNotes is on identifying high-yield investment opportunities for individual investors, simplifying complex concepts, and providing actionable advice [1] Group 2 - The article expresses the author's personal opinions and indicates a beneficial long position in SMCI shares through various means [2]
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 ...