Supermicro Shares Soar as It Looks to Avoid Being Delisted. Is Now a Good Time to Buy the Beaten-Down Stock?
Super Micro Computer(SMCI) The Motley Fool·2024-11-24 00:13
It's been a roller-coaster ride for Super Micro Computer's (SMCI 11.62%) stock this year, with a lot of big moves in both directions. After a hot start to the year, the company's shares began to slide following a short report from Hindenburg Research that accused the company of accounting manipulation. That was soon followed by the company delaying the filing of its 10-K annual report.The Wall Street Journal later reported that Supermicro was being investigated by the Department of Justice (DOJ) over potent ...