Analysts revamp Super Micro stock price target after shocking update
Super Micro Computer (SMCI) still hasn’t filed its annual report, which was supposed to be due last August.
That postponement has been just one of the troubles for the company in the past few months.
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Supermicro specializes in server hardware. It integrates Nvidia’s (NVDA) GPUs into its servers, which are then supplied to clients like cloud service providers.
Almost a year ago, Supermicro was riding high. The company saw its stock peak in March 2024 as a darling in the AI and data center boom. But the stock has tumbled 74% since that peak.
The trouble began last summer.
On Aug. 27, short-seller Hindenburg Research…
