SMCI Stock Crashes 27% After Annual Report Delay: Retail Sentiment Hits Year-Low

Delay in Filing: SMCI announced a delay in filing its annual report for FY 2024, citing the need for more time to assess internal controls.

Hindenburg Impact: The delay follows a report from Hindenburg Research accusing SMCI of accounting manipulation and sanctions evasion.

Retail Sentiment: Retail investor sentiment dropped to its lowest in a year, with message volumes surging.

Stock Performance: Despite the drop, SMCI is still up 42% YTD.