Super Micro Stock Dips Ahead of Its Update Later Today. What Wall Street Wants from AI Server Maker.
Super Micro Computer investors have been riding a roller coaster through a cloud of uncertainty about the AI server maker’s accounting practices. The company will issue a business update for the second quarter of its 2025 fiscal year after the market closes Tuesday.
Super Micro stock drops ahead of business update
Hindenburg shut down in mid-January. Super Micro last year was granted an extension by the Nasdaq to submit its late filings by Feb. 25. The company has hired a new accountant, and the server maker said an independent review of its business found no evidence of misconduct.
Why Super Micro Computer Stock Is Soaring Today
Supermicro's share price is rising due to expectations surrounding the company's business update for the second quarter of its current fiscal year, which concluded at the end of December. While the business update is unlikely to be an official earnings report for the period, investors are betting that the company will share some big news.
Super Micro Computer stock rises nearly 50% heading into earnings
Shares of Super Micro Computer (SMCI) surged 8.7% on news of impending financial results and business update, with analysts predicting earnings of $0.75.
Supermicro Stock Rallies Ahead of Business Update Tuesday
The server maker’s stock was up more than 13% intraday Monday and has gained over 50% since the update was announced on Feb. 3. Supermicro faces a Feb. 25 deadline to submit its delayed annual report from its fiscal year ended last June, or it could be delisted by the Nasdaq .
Super Micro Stock Rises. A Big Update Is Coming Tuesday.
Shares are on their best run since October, with investors hopeful they'll finally get some clarity on the company's accounting issues.
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