Reported 1 day ago
Super Micro Computer (SMCI) has experienced a tumultuous year, initially soaring by 318% before succumbed to a scandal involving alleged accounting fraud, which triggered a significant decline. After a thorough investigation led by external advisors found no wrongdoing, the stock has begun to recover, although it remains far from its peak. Yet, with preliminary Q1 results disappointing and concerns about revenue declines and lost business from key clients like Nvidia, investors are wary of placing new bets on the company, reflecting a lack of trust amidst ongoing challenges.
Source: YAHOO