Reported about 22 hours ago
Super Micro Computer's stock experienced a significant drop, losing as much as 9.9% during trading on December 10, 2024. Despite J.P. Morgan's analysts noting robust server orders and a positive management outlook, they maintained an underweight rating with a target price of $23 per share, reflecting potential losses. Recent controversies, including the resignation of Ernst & Young as the company's auditor, have led to increased stock volatility and investor caution. Supermicro is currently working on its delayed financial reports, with implications that could heavily affect its share price.
Source: YAHOO