SMCI stock given huge downgrade from $3 trillion banking giant

Few stocks have experienced a fall from grace as massive as the information technology giant Super Micro Computer (NASDAQ: SMCI). In fact, after being nothing short of a jaw-dropping performer in the first quarter of the year – and rising from $285 to about $1,200 between January and March – Supermicro entered a long period of decline. Late in August, the decline turned into a freefall. First, Hindenburg Research announced it had taken a short position against SMCI shares, alleging lackluster compliance and ...