Super Micro Computer Shares Fall Again on Latest Update. Is the Bottom In, or Is There More Downside Ahead for the Stock?
Super Micro Computer(SMCI) The Motley Fool·2024-11-09 15:05The bad news continues to pile up for Supermicro.Shares of Super Micro Computer (SMCI -3.77%) were once again tumbling after the company provided investors with an update on its fiscal first-quarter results, as well as its current audit and filing process. Supermicro was a huge winner early in the year, with its stock quadrupling within the first three months of 2024. However, its shares are now solidly in negative territory year to date after this latest dip.Let's take a closer look at Supermicro's latest ...