Super micro (SMCI) The shares have decreased more than 26%this week, extending the long series of volatility of the shares as investors separate the growth of the AI-Girl companies over questionable accounting practices, growing competition and macroeconomic uncertainty.
Near: February 28 at 4:00 pm
Fall Super Micro Stock Partially Deleted Profits from A three -week set that begins in early February. This gathering was encouraged by the ambitious long-term revenue of server manufacturer and the optimism of investors to alleviate the risk of Nasdaq, which has given up submitted to submitted delayed applications to the US Securities Commission.
Super Micro computer makes huge server carriers designed by Nvidia (Nvda) Using the GPU chips made (graphics for processing or AI chips) for data centers and this hardware is required to train and launch artificial intelligence models. The company was part of a group of leading A-theatetic stock This managed when artificial intelligence became mainstream after starting chatgpta.
This is because Super Micro was an early driver on the growing market for AI servers, said Wedbush analyst Matthew Bryson for Yahoo Finance. The company has joined the meta (Target) to make a large GPU server that started their first AI research super -classter before Chatgpt made his debut, Bryson said.
“Super Micro was the right company at the right time,” Bryson Yahoo Finance said in an interview on Friday. “They were in the right product at the right time and turned it into a leading position on AI servers.”
But Hindenburg report In August, he accused the manufacturer of server for accounting violations and relegation from the report – Super Micro faced an investigation into the US Ministry of Justice and His accountant resigned – swinging supplieswith the shares fell approximately 24% from the moment the charges were released by the end of 2024.
The shares recovered these losses by mid-February-before this week’s route.
Super micro submitted delayed quarterly and annual applications to the US Securities Commission on Wednesday. Although the details in the results of the company’s earnings were in accordance with the expectations, Super Micro said in an annual report of 10 K that he was still working to deal with “material weaknesses and disadvantages in our internal control over financial reporting and controls and publication procedures.”
It’s not the first time Super Micro has faced such questions. His ex cfo accused sec In connection with “widespread” accounting violations in 2020. Bryson wrote in a recent note to investors to believe that “SMCI -other flirting with questionable financial means will necessarily continue to measure on a perceived company risk profile.”
