NEW YORK, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of all persons or entities who purchased or otherwise acquired Super Micro Computer, Inc. ("Super Micro" or the "Company") (NASDAQ: SMCI) securities between February 2, 2021 and August 26, 2024, inclusive (the "Class Period"). The lawsuit seeks to recover damages for the Company's investors ...

Are the recent declines a buying opportunity or early signs of a deeper problem? Along with chipmaker Nvidia, Super Micro Computer (SMCI 2.59%) has been one of the biggest beneficiaries of the generative artificial intelligence boom, helping turn AI chips into user-ready servers. However, after rising by over 2,200% over the last five years, the company's share price growth has begun to stall. Let's dig deeper to determine if it's time to buy the dip or run for the hills. Second-quarter earnings exposed pro ...

Super Micro released an SEC filing late Friday afternoon with some interesting wording about its current accusations. In today's video, I discuss recent updates affecting Super Micro Computer (SMCI 3.00%). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of Aug. 30, 2024. The video was published on Sept. 2, 2024. ...

LOS ANGELES, Sept. 3, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Super Micro Computer, Inc. ("Super Micro" or "the Company") (NASDAQ: SMCI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between August 10, 2021 and August 26, 2024, inclusive (the "Cla ...

peshkov Shares of Super Miero Computer (NASDAQ:SMCI) erashed last week after a short seller published a report that accussed the IT hardware company of acounting manipulation and related-party transactions. In response, Super Micro Computer delayed the filing of its annual report which made things worse last wede. the firm's share price collapsed almost 30% since the allegations, taking investors on a rollercoaster ride of emotions. I believe the stock sell-off has gone too far here, and I beli the company ...

NEW YORK, Sept. 03, 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 as ...

Although hardware kingpin Nvidia has been the face of the artificial intelligence (AI) revolution, two other supercharged AI stocks are expected to deliver outsized investment gains. Investors have been waiting decades for a new innovation or trend to come along that could do what the internet did roughly three decades ago for corporate America. After plenty of patience, the artificial intelligence (AI) revolution appears to have answered the call. The allure of AI is the capacity for software and systems t ...

Although it recently received a major blow in the form of a catastrophic sell-off, many investors and traders wonder if this might be the perfect opportunity to stock up on some cheap Super Micro Computer Inc. (NASDAQ: SMCI) shares or 'buy the dip.' Indeed, SMCI stock has continued to dip as investors reacted to a scathing report by short seller Hindenburg Research and the technology company's announcement that it would have to delay the filing of its 10-K annual report, raising concerns regarding its long- ...

NEW YORK, Sept. 01, 2024 (GLOBE NEWSWIRE) -- NEW YORK, September 1, 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-i ...

Core Viewpoint - Super Micro Computer (Supermicro) is set to initiate a 10-for-1 stock split on September 30, 2023, following a significant increase in stock value, raising questions about whether it is a good investment opportunity before the split [1][2]. Financial Performance - In the fiscal 2024 fourth quarter, Supermicro reported record revenue of $5.31 billion, a 143% increase year over year and a 38% increase quarter over quarter [7]. - Adjusted earnings per share (EPS) rose 78% to $6.25, although profit margins were impacted due to a shortage of specific server components, resulting in $800 million in sales being deferred to the next quarter [7][8]. Market Position and Growth Potential - Supermicro is experiencing growth in the AI server market, with projections indicating an increase in market share from 10% in 2023 to 17% by 2026, with some analysts forecasting as high as 23% for this year [9]. - Over the past five years, Supermicro's revenue has surged by 564%, and net income has increased by 1,240%, leading to a stock price increase of 2,750%, significantly outperforming the S&P 500's 89% gain during the same period [15]. Stock Split and Historical Context - This will be the first stock split in Supermicro's 17 years as a public company, and historical data suggests that companies that split their shares tend to deliver total returns of 25% in the year following the split, compared to 12% for the S&P 500 [4][3]. Recent Challenges - Supermicro faced scrutiny from a short report by Hindenburg Research, alleging accounting irregularities and other issues, but analysts from JPMorgan have noted that the report lacks substantial evidence and maintain a buy rating with a $950 price target [10][11]. Industry Outlook - The generative AI market is projected to contribute between $2.6 trillion and $4.4 trillion to the global economy over the next decade, indicating strong potential for continued growth in the sector [14].