Supermicro stock rises due to increased shipments, amid accounting allegations and possible DOJ investigation.
Supermicro, a prominent server manufacturer, has seen its stock price rise due to increased shipments, including over 100,000 GPUs quarterly, reflecting its lead in direct liquid cooling technology. However, the company faces challenges such as allegations of accounting manipulation and a delayed annual report, which may lead to a DOJ investigation. While its stock appears undervalued in the growing AI market, investors should proceed with caution.
October 12, 2024
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