Super Micro Computer (SMCI) is in a downward spiral. The server maker’s stock tumbled 33% in a single session last Friday after a federal indictment named three individuals tied to the company in an alleged scheme to smuggle artificial intelligence chips to China. Now, Wall Street is reassessing how much the stock is worth, and the answers aren’t pretty.
The question for investors sitting on losses or eyeing a potential bargain is whether the selloff has gone too far. Or is there more pain ahead?
Super Micro makes high-performance server systems used across cloud computing, data centers, and AI workloads. It’s been a direct beneficiary of the AI infrastructure buildout, posting record revenue…
