Reported 2 months ago
Super Micro Computer has announced a 10-for-1 stock split, effective October 1, 2024, following a remarkable 650% rise in its stock price since the beginning of 2023. While this move aims to boost investor sentiment, it does not change the overall value of shareholders' investments. The company also reported record revenues in its latest quarter, though profits missed expectations due to supply chain issues. Investors are advised to focus on the company's strong performance and growth potential in the AI market rather than the stock split alone.
Source: YAHOO