Reported 11 days ago
Super Micro Computer's stock fell by 15% following a Wall Street Journal report indicating a DOJ investigation into potential accounting violations. This development comes after previous concerns raised by a short-seller about the company's financial practices. Despite this drop, shares remain up 57% year-over-year. The CEO reassured customers that production capabilities are unchanged, but analysts have downgraded the stock and significantly lowered price targets.
Source: YAHOO