26.11.2024 10:10:00
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Is the Worst Over for Super Micro Computer? Here Are 2 Crucial Things to Watch.
Super Micro Computer (NASDAQ: SMCI) is a key player in one of the hottest technology fields -- artificial intelligence (AI) -- and revenue has jumped in the triple digits quarter after quarter. The company produces equipment such as workstations and servers for AI data centers and is an expert in the new growth area of liquid cooling technology. From this angle, the future looks bright.But recent headwinds have weighed on Supermicro, pushing the stock down about 40% over the past two and half months. First, a Hindenburg Research short report alleging troubles at the company shook investor confidence. Then, Supermicro's inability to file its financial reports on time -- and the resignation of its auditor -- added to its difficulties. Without current, audited financial reports, Supermicro faces delisting from the Nasdaq -- and the lack of current reporting also may discourage investors from buying the stock.Most recently, though, Supermicro delivered some bright news to investors. The company hired a new auditor to immediately get to work on the financial reports and Supermicro submitted a plan to regain listing compliance to the Nasdaq. The stock remains listed as the Nasdaq reviews the plan. Considering all of this, is the worst over for Supermicro? Here are two crucial things to watch.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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