Reported 7 days ago
Today, Super Micro Computer is executing a 10-for-1 stock split after market closure, reducing its share price significantly to around $40. This move is designed to make shares more accessible to investors, following a remarkable rise of 188% in the first half of the year due to increased demand in the AI sector. Despite recent challenges, including a short report alleging company troubles, Supermicro's long-term prospects remain strong amidst ongoing market interest in AI hardware. Investors may consider waiting for the stock to stabilize before buying.
Source: YAHOO