Super Micro Computer (SMCI) Stock Soars, Recovering Post-Allegation Losses
Super Micro Computer (SMCI) stock witnessed a remarkable surge of almost 15% on Wednesday, continuing an upward trend that has fully restored losses incurred after a scathing report last summer.
Recovery from Scathing Allegations
On Tuesday, Super Micro shares climbed over 16%, reaching their highest level since August 26, 2024, the day before Hindenburg Research released a report. The report alleged accounting violations, export control breaches, and undisclosed supplier relationships.
Super Micro refuted the allegations and hired a new accountant. An independent review revealed no evidence of misconduct.
Strong Business Momentum
The recent stock rally was driven by Super Micro's business update last Wednesday, highlighting ambitious long-term targets. CEO Charles Liang projected $40 billion in revenue for fiscal year 2026, surpassing analyst expectations.
Super Micro manufactures server products powered by Nvidia's AI chips and has a partnership with Elon Musk's xAI data center. The company's stock has surged 83% year-to-date, outperforming the S&P 500.
Overcoming Regulatory Hurdles
Post-allegation, Super Micro faced an investigation by the US Department of Justice and delayed SEC filings, risking Nasdaq delisting. In October 2024, its accountant resigned.
The company is now aiming to submit its delayed filings by February 25th, the extended deadline granted by Nasdaq. Super Micro is also seeking a new CFO.
Long-Term Outlook
Trotz der jüngsten Aufschwung, Super Micro-Aktien liegen immer noch deutlich unter ihrem Rekordhoch von 114 US-Dollar im März 2024, kurz vor der Aufnahme des Serverherstellers in den S&P 500.
Super Micro ist zuversichtlich, dass es sich von den Kontroversen erholen und seine langfristigen Finanzierungsziele erreichen kann. Das Unternehmen investiert in KI-gestützte Servertechnologien und baut seine Partnerschaften aus.