Why Super Micro Is A Buy After Hindenburg's Report
SMCISuper Micro Computer(SMCI) Seeking Alpha·2024-09-03 20:25
peshkov Shares of Super Micro Computer (NASDAQ:SMCI) crashed last week after a short seller published a report that accused the IT hardware company of accounting manipulation and related-party transactions. In response, Super Micro Computer delayed the filing of its annual report which made things worse last week: the firm's share price collapsed almost 30% since the allegations, taking investors on a rollercoaster ride of emotions. I believe the stock sell-off has gone too far here, and I believe the c ...