An AI Market-Darling Implodes
SMCISuper Micro Computer(SMCI) Investor Place·2024-08-29 07:08

SMCI plummets after delaying a key filing … how did Nvidia’s earnings come in? … Berkshire Hathaway tops $1 trillion … how many years of “suck” can you handle?Today, AI market-darling Super Micro Computer (SMCI) blew up as fears of fraud intensified.As I write Wednesday afternoon, the stock is down 25% after the company delayed filing its annual report with the Securities and Exchange Commission.Ordinarily, such a delay might raise some eyebrows, but it wouldn’t lead to such a violent market reaction. The d ...