Why Super Micro Stock Lost a Quarter of Its Value Wednesday Morning
SMCISuper Micro Computer(SMCI) Investopedia·2024-08-29 00:11

Key TakeawaysSuper Micro Computer shares plummeted during intraday trading on Wednesday.The server and data center tech maker announced it would be delaying the filing of its annual report with the Securities and Exchange Commission (SEC).The announcement of the delay comes after Hindenburg Research, an activist investment research firm focused on short selling, published a report that accused the company of accounting anomalies and disclosed a short position on Tuesday. Super Micro Computer (SMCI) shares p ...