$Super Micro Computer (SMCI.US)$
(NASDAQ:SMCI), maintaining a Buy rating and reaffirming that the stock remains on track to reach $1,000 (pre-10-for-1 stock split), despite recent reports of a U.S. Department of Justice (DOJ) inquiry.
In their note, Loop Capital downplayed the impact of the DOJ probe, which was first reported by The Wall Street Journal.
The analysts suggest that the inquiry is likely related to shipment...

$Super Micro Computer (SMCI.US)$
As of 27 September 2024, Super Micro Computer Inc. (SMCI) is facing significant challenges despite its strong financial performance earlier in the year.
1. The stock has dropped sharply following news of a U.S. Department of Justice (DOJ) probe into allegations raised by short-seller Hindenburg Research. The accusations revolve around improper revenue recognition, with a former employee, Bob Luong, filing a whistleblower la...