With Fraud Allegations Cleared, Is Super Micro Computer Stock (SMCI) a Buy?
Super Micro Computer’s stock (SMCI) has been at the center of controversy in recent months due to accounting fraud allegations from a short-selling firm, which caused its stock to plunge. While the long-awaited verdict on the case came out in Super Micro’s favor, leading to a rebound in the stock, there are still concerns connected to its growth story that prompt me to maintain a neutral stance for now.
Don’t Miss our Black Friday Offers:
Although the stock’s valuations remain attractive, even after the recent rebound, this article will outline why caution is still warranted in the short to medium term.
A Recap of the Hindenburg Research Accusations
To provide some context for why I had a Hold rating on Super Micro…
