1 Wall Street Team Thinks Super Micro Computer Stock Is Going to $438. Is It Time to Sell?
TISITeam(TISI) The Motley Fool·2024-09-07 01:44

Both known and previously unknown risks have investors and analysts backing away from what was once an artificial intelligence (AI) stock darling. Concerns about Super Micro Computer (SMCI -6.42%) have been mounting among investors. Falling profit margins, concerns about accounting procedures, and the delay in Supermicro filing its 10-K annual report all hit the stock in recent weeks. Now, Barclays analysts George Wang and Tim Long are warning investors to step back from the stock as recent issues play out. ...