SMCI stock given huge downgrade from $3 trillion banking giant
SMCISuper Micro Computer(SMCI) Finbold·2024-09-06 21:53

Few stocks have experienced a fall from grace as massive as the information technology giant Super Micro Computer (NASDAQ: SMCI). In fact, after being nothing short of a jaw-dropping performer in the first quarter of the year – and rising from 285toabout285 to about 1,200 between January and March – Supermicro entered a long period of decline.Late in August, the decline turned into a freefall.  First, Hindenburg Research announced it had taken a short position against SMCI shares, alleging lackluster compliance and ...