Reported about 1 month ago
Super Micro Computer (NASDAQ: SMCI), once a standout in the AI stock market, has seen its shares plummet from a peak of $1,188.07 to $424 due to concerns over declining gross margins, negative allegations from a short-seller, a delayed annual report, and slowing sales growth from Nvidia. Despite its significant revenue gains largely driven by its AI server business, investor confidence is wavering, marked by a lack of insider buying. Analysts await clarity with the 10-K filing before determining the stock's future prospects.
Source: YAHOO