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Why Super Micro Computer Tanked Today
Super Micro Computer (NASDAQ: SMCI) stock investors have been on a wild ride this year. The maker of high-end, liquid-cooled artificial intelligence (AI) servers faced accounting questions and the risk of delisted shares stemming from troubles last year.Shares ran higher, though, as it said it would meet the deadline set by the Nasdaq stock exchange for reporting past due annual and quarterly reports. It met the Feb. 25 deadline, but shares have reversed course ever since.The stock has lost one-third of its value since then, including a drop of 11.6% today, as of 3 p.m. ET.Continue reading
Super Micro Computer (NASDAQ: SMCI) stock investors have been on a wild ride this year. The maker of high-end, liquid-cooled artificial intelligence (AI) servers faced accounting questions and the risk of delisted shares stemming from troubles last year.
Shares ran higher, though, as it said it would meet the deadline set by the Nasdaq stock exchange for reporting past due annual and quarterly reports. It met the Feb. 25 deadline, but shares have reversed course ever since.
The stock has lost one-third of its value since then, including a drop of 11.6% today, as of 3 p.m. ET.
