Reported about 1 month ago
Super Micro Computer (SMCI) is experiencing stock pressure due to a delay in its annual report following allegations of accounting manipulation by Hindenburg Research. Despite these challenges, Sylvia Jablonski, CEO & CIO of Defiance ETFs, maintains a positive outlook, indicating that if SMCI can prove its accounting practices are reliable, it presents a strong buying opportunity. She emphasizes the company’s substantial growth, leadership in cooling data centers, and an upcoming 10-for-1 stock split as reasons to remain optimistic about the stock’s future, particularly with the ongoing advancements in AI.
Source: YAHOO