Super Micro's stock plunges over 10% amid competition fears and accounting controversies.

Super Micro Computer's stock dropped by over 10% on Monday amid analyst downgrades and concerns over competition from DeepSeek in China's AI hardware market. Despite facing accounting allegations and controversy, Super Micro saw strong demand for its AI-capable hardware in 2024, which boosted its revenue and earnings. However, the company's stock has been volatile this year, and it faces potential delisting from Nasdaq due to delays in filing financial statements with the SEC.

2 months ago
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