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Supermicro Filed Its Delayed Reports. Is It All Clear to Buy the Stock?
Super Micro Computer (NASDAQ: SMCI) stock continued its roller-coaster ride last week, jumping sharply in after-hours trading Tuesday after the company at last filed its delayed annual and quarterly reports with the Securities and Exchange Commission (SEC). However, it gave back a large portion of those gains in Wednesday's session, then sank even further over the remainder of the week. As of this writing, the stock is up nearly 65% year to date, but down more than 40% over the past year.Now that the tech company has cleared up the uncertainties about its finances, should investors take this as an all-clear signal to get back into the stock?Supermicro started 2024 as one of the hottest stocks in the market, as it was benefiting greatly from the artificial intelligence (AI) infrastructure build-out. The company designs and assembles servers and rack solutions, and was one of the first server companies to use direct liquid cooling (DLC) in its setups. It's also one of Nvidia's largest customers: It acts essentially as a reseller of Nvidia's graphics processing units (GPUs), which it incorporates into its data center servers.Continue reading
Super Micro Computer (NASDAQ: SMCI) stock continued its roller-coaster ride last week, jumping sharply in after-hours trading Tuesday after the company at last filed its delayed annual and quarterly reports with the Securities and Exchange Commission (SEC). However, it gave back a large portion of those gains in Wednesday's session, then sank even further over the remainder of the week. As of this writing, the stock is up nearly 65% year to date, but down more than 40% over the past year.
Now that the tech company has cleared up the uncertainties about its finances, should investors take this as an all-clear signal to get back into the stock?
Supermicro started 2024 as one of the hottest stocks in the market, as it was benefiting greatly from the artificial intelligence (AI) infrastructure build-out. The company designs and assembles servers and rack solutions, and was one of the first server companies to use direct liquid cooling (DLC) in its setups. It's also one of Nvidia's largest customers: It acts essentially as a reseller of Nvidia's graphics processing units (GPUs), which it incorporates into its data center servers.
