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Super Micro Computer Shares Surge on Shipment News. Can the Stock Continue to Rebound?
SMCISuper Micro Computer(SMCI) The Motley Fool·2024-10-12 21:11

Supermicro stock has been on a roller-coaster ride this year. After a strong start to the year, shares of Super Micro Computer (SMCI 2.86%) have been under a lot of pressure following a disappointing earnings report, unwanted attention from a notable short-seller, the delay of its annual 10-K filing, and a possible investigation by the Department of Justice (DOJ). However, the stock rallied after the company put out a press release that mentioned its quarterly shipment volume. Against that backdrop, let's t ...