LOS ANGELES, Oct. 9, 2024 /PRNewswire/ -- The DJS Law Group 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. Shareholders who purchased shares of SMCI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointm ...

NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Super Micro Computer, Inc. ("Super Micro" or "the Company") (NASDAQ: SMCI) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired ...

Super Micro Computer Inc. SMCI has been riding the AI wave for some time, and its latest announcement sent the stock soaring again. Shares jumped 15% after the company revealed it's shipping over 100,000 GPUs per quarter, a figure that could translate into billions of dollars in potential revenue, with GPUs being the core hardware behind AI development and deployment. But while the stock got a short-term boost, questions about its sustainability loom large. It soon receded and was down by about 7% by 1:30 P ...

Shares of Super Micro Computer (SMCI, Financial) fell over 5% to $45.27, following a significant 16% gain in the prior session. The decline comes amidst the company's announcement of its new comprehensive liquid cooling solution. This innovative technology features advanced components such as a coolant distribution unit, cold plate, coolant distribution manifold, cooling tower, and integrated management software. The liquid cooling solution is designed to optimize data center efficiency by reducing scale an ...

New 3U Server Supports up to 18 GPUs and Features Dual Intel® Xeon® 6900 series processors with P-cores SAN JOSE, Calif., Oct. 8, 2024 /PRNewswire/ -- Super Micro Computer, Inc. (SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, announces the launch of a new, versatile, high-density infrastructure platform optimized for AI inferencing at the network edge. As companies seek to embrace complex large language models (LLM) in their daily operations, there is a need for new hardware capabl ...

Super Micro Computer, Inc. NASDAQ: SMCI, a significant player in the high-performance computing industry, recently made a strategic move to broaden its investor base. The company implemented a 10-for-1 stock forward stock split, effective from October 1, 2024. This move, which reduced the share price from $419.74 to around $41.98, was not aimed at altering the company's intrinsic value but rather at attracting a wider range of investors. The question now arises: does SMCI, with its newly split shares, prese ...

SAN FRANCISCO, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Super Micro Computer Inc. (NASDAQ: SMCI) is facing a broadened securities class action lawsuit, alleging that the company and certain of its top executives engaged in a fraudulent scheme that inflated the company's stock price. Hagens Berman urges Super Micro Computer, Inc. (NASDAQ: SMCI) investors who suffered substantial losses to submit your losses now. Expanded Class Period: Feb. 2, 2021 – September 25, 2024 Lead Plaintiff Deadline for All Class Actions: ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...

Key Takeaways Super Micro Computer shares surged Monday as the server maker reported strong shipments of its GPUs, driven by artificial intelligence (AI) demand. The server maker said it recently deployed 100,000 GPUs. with its liquid cooling technology to "some of the largest" AI factories. CEO Charles Liang said "state-of-the-art" data center operators are turning to Super Micro Computer's products to meet their technical and financial goals. Super Micro Computer (SMCI) shares soared Monday as the server ...

Super Micro Computer (SMCI, Financial) stock surged by 12.2% today following a positive update on its sales performance. The company reported continued strength in sales despite prior concerns over accounting practices and a delayed 10-K annual report. Recently, SMCI has faced scrutiny over its profit margins and accounting protocols, leading to a 44.61% decline over the past 12 weeks. However, today's announcement has provided a much-needed boost to investor confidence, resulting in a significant uptick in ...