SAN FRANCISCO, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Technology hardware manufacturer Super Micro (SCMI) continues to face legal challenges amid allegations of financial impropriety. In addition to the ongoing federal investigation, the company is now the subject of another class-action lawsuit filed on behalf of investors alleging an expansive class period. Hagens Berman urges Super Micro Computer, Inc. (NASDAQ: SMCI) investors who suffered substantial losses to submit your losses now. Expanded Class Period: F ...

Infrastructure spending on this transformative technology is poised to explode. Dan Ives is an equity research analyst at Wedbush Securities. He covers the biggest names in the technology sector, and always seems to have a bead on the latest megatrend. Right now, artificial intelligence (AI) is the biggest headline-grabber in tech. But one area of AI that could be overlooked is information technology (IT) infrastructure. What does that even mean? Here's how infrastructure fits into the AI narrative, and why ...

The artificial intelligence (AI) competition is in full swing, and each company is racing to build the best AI model possible and capture a potentially huge market. This parallels events like the California gold rush. Not every prospector found gold, and many lost everything searching for it. However, one industry boomed during this time: picks and shovels. This gives rise to an investing strategy that looks for companies that sell modern-day picks and shovels to businesses that are competing in a category ...

NEW YORK, Oct. 17, 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 ...

NEW YORK, Oct. 17, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Super Micro Computer, Inc. (NASDAQ: SMCI). Shareholders who purchased shares of SMCI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/super-micro-computer-inc-loss-submission-form/?id=108721&from=4 CLASS PERIO ...

Core Insights - Super Micro Computer, Inc. (SMCI) is facing legal challenges including a class-action lawsuit alleging financial impropriety and misleading statements regarding its financial performance and internal controls [1][3][4] Legal Proceedings - A new class-action lawsuit has been filed on behalf of investors, covering a class period from February 2, 2021, to September 25, 2024, with a lead plaintiff deadline set for October 29, 2024 [2] - The lawsuit expands upon previous allegations and seeks to represent all individuals or entities who purchased Super Micro securities during the specified period [2][3] Allegations and Investigations - The lawsuit claims that Super Micro made materially false and misleading statements about its financial performance, internal controls, and related party transactions [3] - The situation escalated on August 27, 2024, when Hindenburg Research published a report highlighting significant accounting issues and undisclosed related party transactions [4] - Following this, Super Micro announced a delay in filing its annual report to assess its internal controls over financial reporting [5] - On September 26, 2024, it was reported that the U.S. Department of Justice initiated an investigation into Super Micro based on allegations from a whistleblower regarding accounting violations [5][6] Whistleblower Information - Hagens Berman is investigating Super Micro and encourages whistleblowers with non-public information to come forward, potentially receiving rewards under the SEC Whistleblower program [6]

Core Viewpoint - Supermicro's stock has experienced significant volatility due to a disappointing earnings report, scrutiny from a short-seller, a delayed 10-K filing, and a potential DOJ investigation, but it has seen a rebound following a press release about its GPU shipment volume [1][2]. Company Performance - Supermicro is currently shipping over 100,000 GPUs per quarter, specifically utilizing direct liquid cooling (DLC) solutions for large data centers focused on AI applications [3][4]. - The company does not design or manufacture GPUs but assembles servers and rack solutions using purchased components [4]. - Supermicro offers lower-priced servers compared to branded competitors like Dell, while being one of the first to adopt DLC technology, providing a competitive edge [5][6]. Financial Metrics - The company has low gross margins, which have recently declined to 11.2% from 17.0% a year ago, contrasting sharply with Nvidia's 75% and Taiwan Semiconductor's 53% gross margins [7]. - Supermicro's stock trades at 14 times analysts' fiscal 2025 earnings estimates, suggesting it may be undervalued given the growth potential in AI infrastructure [11]. Market Context - Despite recent challenges, Supermicro is positioned to benefit from the substantial investments in AI infrastructure, as large tech companies are aggressively acquiring GPUs [10]. - The stock's valuation reflects its current market position, but uncertainties regarding its annual report and the DOJ investigation present risks [12].

NEW YORK, Oct. 11, 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 ...

Super Micro Computer (SMCI) closed the most recent trading day at $46.47, moving -1.73% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.21% for the day. Meanwhile, the Dow lost 0.14%, and the Nasdaq, a tech-heavy index, lost 0.05%. Shares of the server technology company have appreciated by 6.17% over the course of the past month, underperforming the Computer and Technology sector's gain of 9.62% and outperforming the S&P 500's gain of 5.94%. Investors wi ...

A short-seller report knocked the stock down, but Supermicro says business is booming. Super Micro Computer (SMCI -1.21%) stock has gotten crushed over the last six months. Shares of the provider of server, storage, and coolant systems for the massive data center buildout have been cut in half during that time. But the stock is still up by over 60% year to date from high demand as large technology companies work to quickly expand artificial intelligence (AI) computing capacity. This week, shares began to re ...