Why SMCI might hit $2,000 despite ‘catastrophic' sell-off
SMCISuper Micro Computer(SMCI) Finbold·2024-08-31 20:55

Super Micro Computer (NASDAQ: SMCI) shares continue to record losses as investors react to the aftermath of the delay in filing its 10-K annual report. The delay in SMCI’s 10-K filing has raised serious red flags among investors and analysts, leading to speculation regarding the technology firm’s long-term prospects. Such delays are often viewed with suspicion in financial markets, as they can indicate underlying problems in a company’s financial reporting or internal controls. For SMCI, this development ha ...