This AI growth stock is running out of steam. Super Micro Computer (SMCI -2.48%), more commonly known as Supermicro, was one of the hottest artificial intelligence (AI) stocks this year. Its shares closed at a record high of $1,188.07 on March 13, representing a 2,760% gain over the previous two years, as its sales of dedicated AI servers skyrocketed. But as of this writing, Supermicro's stock trades at $424. Four issues caused that slide: concerns about its declining gross margins, troubling allegations fr ...

SAN FRANCISCO, Aug. 31, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Super Micro Computer, Inc. (NASDAQ: SMCI) investors who suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge who may assist the investigation to contact its attorneys. 1st Class Period: Aug. 10, 2021 – Aug. 26, 2024 2nd Class Period: Aug. 31, 2023 – Aug. 28, 2024 Lead Plaintiff Deadline for Both Actions : Oct. 29, 2024 Visit: www.hbsslaw.com/investor-fraud/smci Contact the Firm Now: SMCI@hb ...

Super Micro Computer (NASDAQ: SMCI) shares continue to record losses as investors react to the aftermath of the delay in filing its 10-K annual report. The delay in SMCI's 10-K filing has raised serious red flags among investors and analysts, leading to speculation regarding the technology firm's long-term prospects. Such delays are often viewed with suspicion in financial markets, as they can indicate underlying problems in a company's financial reporting or internal controls. For SMCI, this development ha ...

The AI stock suffered a brutal week of trading, and investors have some big questions about the business. Super Micro Computer (SMCI -2.48%) stock got hit hard over the last week of trading. The company's share price ended the period down 28.6% from last Friday's market close, according to data from S&P Global Market Intelligence. On Tuesday, Hindenburg Research published bearish coverage and alleged that Supermicro was a serial offender when it came to bad accounting practices. The short-seller also raised ...

A delayed 10-K filing adds to the drama surrounding this tech stock. Super Micro Computer (SMCI -2.48%) stock came under attack from short-sellers this week, with the computer server specialist being accused of several financial improprieties. The question for investors is: Should they be worried about the allegations and sell the stock, or is any dip in the share price a buying opportunity? The short report Short-selling is the process of an investor borrowing a stock from a current shareholder and then im ...

NEW YORK, Aug. 30, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of securities of Super Micro Computer, Inc. (NASDAQ: SMCI) between August 31, 2023 and August 28, 2024, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 28, 2024 in the securities class action first filed by the Fir ...

SAN DIEGO, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Today, DiCello Levitt LLP ("DiCello Levitt") filed a class action lawsuit in the U.S. District Court for the Northern District of California alleging violations of the federal securities laws by Super Micro Computer, Inc. (NASDAQ: SMCI) ("Super Micro" or the "Company") and certain of the Company's senior executives (collectively, "Defendants"). The action is brought on behalf of all persons or entities that purchased or otherwise acquired Super Micro common stock ...

NEW YORK, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Super Micro Computer, Inc. ("Super Micro" or the "Company") (NASDAQ: SMCI) in the United States District Court for the Northern District of California on behalf of all persons and entities who purchased or otherwise acquired Super Micro securities between August 10, 2021, and August 26, 2024, both dates inclusive (the "Clas ...

SAN DIEGO, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that the Super Micro class action lawsuit – captioned Averza v. Super Micro Computer, Inc., No. 24-cv-06147 (N.D. Cal.) – charges Super Micro Computer, Inc. (NASDAQ: SMCI) and certain of Super Micro's top executives with violations of the Securities Exchange Act of 1934. A subsequently filed complaint is captioned Menditto v. Super Micro Computer, Inc., No. 24-cv-06149 (N.D. Cal.). If you suffered substantial losses and ...

NEW YORK, Aug. 30, 2024 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP: To: All persons or entities who purchased or otherwise acquired securities of Super Micro Computer, Inc. ("SMCI" or the "Company") (NASDAQ: SMCI) between August 10, 2021 to August 26, 2024, both dates inclusive. You are hereby notified that the class action lawsuit Joseph Averza v. Super Micro Computer, Inc., et al. (Case No. 5:24-cv-06147) has been commenced in the United States District Court for ...