Reported 5 days ago
Super Micro Computer's stock (NASDAQ: SMCI) experienced a significant decline, plummeting 24.2% over the past week due to delays in filing important financial reports with the SEC and increased competition from Cisco in the AI server market. The company's failure to submit its 10-Q report on time has raised concerns about potential delisting from the Nasdaq. Currently down 35% year-to-date and 84% from its all-time high in March, Supermicro's future remains uncertain as it seeks to stabilize its financial position.
Source: YAHOO