Super Micro Computer Dips 70% in Three Months: Time to Buy the Stock?
Super Micro Computer(SMCI) ZACKS·2024-11-18 22:40
Super Micro Computer, Inc. (SMCI) has experienced a tumultuous period, with its stock price plummeting 70% over the past three months. This sharp decline can be attributed to a series of setbacks that have shaken investor confidence and cast a shadow over the company’s short-term outlook.Image Source: Zacks Investment ResearchReasons Behind SMCI Stock’s Drastic FallThe initial catalyst for Super Micro Computer’s decline came in late August when a scathing report from Hindenburg Research alleged accounting m ...