Why SMCI stock price is rallying
Super Micro Computer(SMCI) Finbold·2024-11-22 18:37
The still-ongoing controversy surrounding Super Micro Computer (NASDAQ: SMCI) is one of the most notable events to happen in the booming semiconductor industry in 2024.Not so long ago, SMCI stock was up as much as 316% on a year-to-date (YTD) basis. Almost all of those gains have been erased — at the tail end of October, SMCI shares even went into the red. Allegations of fraud from short-selling activist group Hindenburg Research made in August caused an initial selloff. This was soon followed by Super Micr ...