Super Micro Computer's stock price drops despite 74-101% revenue growth, due to past SEC fines, delayed filings, and accounting concerns.
Super Micro Computer (SMCI) has experienced a stock price drop despite significant revenue growth, projected at 74%-101% year-over-year, reaching $26-$30 billion. Concerns include past SEC fines, delayed filings, and allegations of reverting to old accounting practices. However, the company is positioned for strong future growth in the AI server market, with innovations in energy-efficient technology and a projected market share increase. Its stock may be undervalued, trading at 12.3 times forward earnings.
September 11, 2024
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