Super Micro Computer, Inc. Stock News

Super Micro Computer stock (NASDAQ: SMCI) has declined by about 49% over the past month and remains down by over 80% from highs seen earlier this year. Now the data center solutions company, which sells server systems, server management software, and installation and maintenance services, has been a big winner in the generative AI space, as demand for its server systems surged in tandem with th...

The artificial intelligence (AI) boom has ignited certain computer and technology sector stocks that are direct benefactors of AI deployment. It's no secret that AI chipmaker NVIDIA Co. NASDAQ: NVDA is a top benefactor of AI demand as its GPUs are the essential component of AI servers.

Following the last several months of challenges, management must act fast to win back investors.

The bad news continues to pile up for Supermicro.

Super Micro Computer has had an extremely volatile FY2024 stock price performance, indeed, as observed in the meteoric rise in Q1'24 and the subsequent losses through November 2024. The short seller report, delayed 10K filing, auditor resignation, and non-compliance with Nasdaq listing have triggered its uncertain prospects and elevated short interests. This is on top of the rerouted client ord...

Demand for Supermicro's products has taken off with the artificial intelligence boom.

Interested investors should be keeping an eye on the stock.

CHICAGO, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Tidal Financial Group today announced that the Board of Trustees of Tidal Trust II (the Trust) has approved a reverse stock split for the Defiance Daily Target 2X Long SMCI ETF (SMCX), which trades on The Nasdaq Stock Market, LLC. The reverse stock split is expected to take effect after the close of trading on the Nasdaq on November 15, 2024.