SMCI stock price prediction amid delays and manipulation accusations
SMCISuper Micro Computer(SMCI) Finbold·2024-08-29 00:42

The stock price of American information technology giant Super Micro Computer (NASDAQ: SMCI) is experiencing a free fall as the company faces questions regarding its accounting practices.Indeed, the accusations have resulted in an adverse investor reaction, considering that they call into question its overall financial stability.By press time, SMCI was trading at $409, having corrected over 25% in the last 24 hours. On the weekly chart, the stock is down almost 35%. Notably, SMCI’s inroads into the artifici ...