Wedbush: Behind Super Micro Computer (SMCI.US) may hide bigger issues, lowering target price to $32.
Wedbush published research reports stating that super micro computer faces more and more challenges in the future, including whether it can avoid delisting from Nasdaq in the coming weeks.
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Nvidia is reportedly planning to abandon super micro computers, with old orders being transferred to other suppliers.
①Super Micro Computer was caught in the delisting storm last week due to the resignation of auditors, causing great concern in the semiconductor industry; ②The company's largest customer, Nvidia, reportedly has transferred its orders to other suppliers to manage risks; ③The fate of Super Micro Computer has become even more obscure.
Super Micro Could Get Delisted From the Nasdaq Stock Exchange, Analyst Says
US stocks closed: Trump, Harris concept stocks rose together, Chinese concept stocks remained stable and rose.
1. The market is filled with a wait-and-see attitude, with all three major indexes collectively falling. 2. Trump's media technology group rebounded after hitting bottom. 3. Photovoltaic and clean energy concept stocks strengthened collectively. 4. Reports claim that Nvidia will distribute Super Micro Computer orders to other suppliers.
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