Key Takeaways Super Micro Computer shares plunged Wednesday after accounting giant EY resigned as the company's auditor. The accounting firm said it is "unwilling to be associated with the financial statements prepared by management." The resignation comes after months of speculation about Super Micro Computer's accounting practices following a report from short seller Hindenburg research accusing it of "manipulation." Super Micro Computer (SMCI) shares plunged Wednesday after accounting firm EY resigned as ...

Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. Super Micro's shares plunged as much as 35% Wednesday morning after the company disclosed its auditor had resigned following months of disagreement with the firm over its governance and board independence. Ernst & Young in its resignation letter said it was "unwilling to be associated with the financial statements prepared by management." The accountancy also rai ...

Could there be more growth ahead for this potentially troubled AI player?Artificial intelligence (AI) just might be the biggest investing theme of the year. Technology companies operating in this area drove gains in the S&P 500 in the first half, and many of these players continue to advance. Why are investors so interested in AI? Because of the technology's potential to revolutionize everything from your daily routine to how a company operates. As a result, companies making or using AI could see their earn ...

In Q1 2024, Super Micro Computer (NASDAQ: SMCI ) (NEOE: SMCI:CA ) was certainly one of the red-hot stocks, driven by the AI-investment narrative, which pushed the stock to its all-time high of $1,230/share by the end of March, compared to $300/share at the beginning With 30 years until retirement, I'm leveraging my role as a Financial Analyst at a Fortune 500 firm to build a market-beating portfolio that targets both strong capital appreciation and aggressive dividend growth.My focus is on blue-chip compani ...

Core Insights - The company is facing increasing pressure to provide updated financial statements to investors [1] - Concerns regarding the company's financial statements are overshadowing its strong sales and profit growth [1] Financial Performance - Super Micro Computer (SMCI) has demonstrated excellent growth in sales and profit [1] - Despite the positive growth metrics, the stock is under pressure due to financial statement concerns [1]

Core View - Super Micro Computer Inc (SMCI) has experienced significant growth due to advancements in cooling technology and its inclusion in major indices, but faces challenges including a 61% stock decline from March highs due to financial scrutiny and delayed filings [1][2] Key Drivers - The global AI market is projected to grow from $148 8 billion in 2023 to $1 1 trillion by 2029, with a CAGR of 39 7% from 2024-2029, driving demand for SMCI's AI GPU server solutions which account for 70% of its revenue [4] - SMCI's direct liquid cooling (DLC) technology reduces power consumption by up to 40%, with over 100,000 NVIDIA GPUs deployed using this solution, enhancing its competitive position in AI and high-performance computing [4] Financial Metrics - SMCI trades at a P/E ratio of 23 53 and a forward P/E of 14 03, with a PEG ratio of 0 26, indicating robust growth potential relative to earnings and suggesting the stock is undervalued compared to tech peers [5][8] - A recent 10-for-1 stock split has made SMCI shares more accessible to a broader range of investors, potentially increasing trading volume and investor interest [3][8] Market Sentiment and Predictions - Analysts are optimistic about SMCI, with Needham's Quinn Bolton predicting a 32 3% upside from current levels, citing the company's strong position in the growing demand for liquid cooling infrastructure [6] - AI models project SMCI stock could trade between $60-$65 by end of 2024, with a potential 12-month target of $80-$85, assuming sustained industry growth and successful technology integration [7][8]

PHILADELPHIA, Oct. 27, 2024 (GLOBE NEWSWIRE) -- Securities fraud lawsuits have been filed against Super Micro Computer, Inc. (“Super Micro” or the “Company”) (NASDAQ: SMCI). The lawsuits have been filed on behalf of purchasers of Super Micro securities between February 2, 2021 and August 28, 2024, inclusive (the “Class Period”). CLICK HERE TO LEARN MORE ABOUT THIS LAWSUIT. Investors who purchased or acquired Super Micro securities during the Class Period may, no later than October 29, 2024, seek to be appoi ...

Jeff Yass's fund, Susquehanna International Group, just bought 5 million shares of Super Micro Computer. Every quarter, investment firms that manage more than $100 million file a form 13F with the Securities and Exchange Commission (SEC). I find the 13F to be a valuable tool because it breaks down in detail which stocks institutional investors are buying and selling, and it can be interesting to try and identify patterns among Wall Street's biggest money managers. One investor that I enjoy following is Jeff ...

Core Insights - Super Micro Computer (Supermicro) has joined the S&P 500 index and completed a 10-for-1 forward stock split, reflecting its strong performance in the AI hardware sector [1] - The company reported a staggering revenue increase of 955% and a net income surge of 1,030%, leading to a share price rise of 1,780% [1] Company Performance - For fiscal 2024, Supermicro's revenue reached a record $14.9 billion, marking a 109% year-over-year increase, while earnings per share (EPS) rose 76% to $20.09 [4] - The company is experiencing rapid sales growth, with sales increasing five times faster than the industry average, indicating significant market share gains [4] - Supermicro controls an estimated 80% of the direct liquid cooling (DLC) server market for AI [4] Competitive Advantages - Supermicro has a 30-year track record in creating custom servers, leveraging a modular building-block architecture to meet diverse customer needs [3] - Strong relationships with leading chipmakers ensure access to cutting-edge semiconductors, enhancing product offerings [3] - The company's focus on energy efficiency has positioned it favorably in the market, especially as AI solutions demand more power [3] Future Outlook - Management aims to improve gross margins to a target range of 14% to 17% through enhanced manufacturing efficiencies and new facilities expected to support $50 billion in annual sales [5] - Analysts remain optimistic, with seven out of 17 recommending the stock as a buy or strong buy, and an average price target suggesting a potential upside of 62% [6] - Loop Capital analyst Ananda Baruah projects that Supermicro could double its revenue run rate to $40 billion in the coming years, which would likely drive stock price increases [6] Valuation - Supermicro is currently trading at 23 times earnings and less than 2 times sales, indicating it is undervalued relative to its industry position and growth potential [7]

NEW YORK, Oct. 26, 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 ou ...