$Super Micro Computer (SMCI.US)$
Super Micro just reported preliminary Q1 results. Here's why the stock is tanking." data-render="ssr
Super Micro just reported preliminary Q1 results. Here's why the stock is tanking.
Super Micro Computer (NASDAQ:SMCI) shares fell 10% in late trading on Tuesday after the embattled artificial intelligence server maker reported preliminary fiscal first-quarter results and offered up an update from it...
Super Micro just reported preliminary Q1 results. Here's why the stock is tanking." data-render="ssr
Super Micro just reported preliminary Q1 results. Here's why the stock is tanking.
Super Micro Computer (NASDAQ:SMCI) shares fell 10% in late trading on Tuesday after the embattled artificial intelligence server maker reported preliminary fiscal first-quarter results and offered up an update from it...
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$Super Micro Computer (SMCI.US)$Nvidia steps in to restructure Supermicro orders, reshaping AI supply chain
NVIDIA is transferring #SMCI orders to other suppliers to stabilize the AI supply chain - Digitimes
According to the Digitimes report, due to the ongoing financial reporting issues at Supermicro, NVIDIA is transferring orders from Supermicro to other suppliers, and if not resolved by November 20, the issue will face delisting risk.
Despite the strong performance of AI servers, Supermicro's credibility is still affected by past violations and potential penalties. NVIDIA's actions aim to reduce potential disruptions in the AI server supply chain.
NVIDIA is transferring #SMCI orders to other suppliers to stabilize the AI supply chain - Digitimes
According to the Digitimes report, due to the ongoing financial reporting issues at Supermicro, NVIDIA is transferring orders from Supermicro to other suppliers, and if not resolved by November 20, the issue will face delisting risk.
Despite the strong performance of AI servers, Supermicro's credibility is still affected by past violations and potential penalties. NVIDIA's actions aim to reduce potential disruptions in the AI server supply chain.
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$Super Micro Computer (SMCI.US)$
Analysis believes that the timing of these series of events is quite delicate. Just the day before, the well-known short-selling institution, Hindenburg Research, announced that it was short-selling stocks of super micro computers, alleging that super micro computers have accounting issues and are involved in undisclosed related-party transactions, sanctions, and export control failures. It is not yet clear whether these two are related. When asked by the media about the short-selling allegations by Hindenburg, super micro computer refused to comment on anything other than the statement on Wednesday.
AI 'devil stock' super micro computer plummeted 26% after Hindenburg released its short-selling report, and the company postponed the release of its performance report.
Analysis believes that the timing of these series of events is quite delicate. Just the day before, the well-known short-selling institution, Hindenburg Research, announced that it was short-selling stocks of super micro computers, alleging that super micro computers have accounting issues and are involved in undisclosed related-party transactions, sanctions, and export control failures. It is not yet clear whether these two are related. When asked by the media about the short-selling allegations by Hindenburg, super micro computer refused to comment on anything other than the statement on Wednesday.
AI 'devil stock' super micro computer plummeted 26% after Hindenburg released its short-selling report, and the company postponed the release of its performance report.
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