Super micro computer (SMCI) Actions increased by more than 7% pre-marketing on Wednesday, extending a one-week wave that saw the stock recover completely losses of a scathing report that accused the manufacturer of servers of accounting violations Last summer.
At the end: February 18 at 4:00 p.m.
SMCI ^ GSPC
Super micro-actions won more than 16% on Tuesday, reaching their highest level since August 26, the day before the publication of the company with short Hindenburg Research published the report, which, in addition to the accusations of « manipulation Accounting, allegedly alleged that the company had raped export controls and that its leaders had not properly disclosed its relations with suppliers.
Super microphone manufactures computer server products for data centers using Nvidia (Nvda) AI chips and has a Major case with Elon Musk’s Mammoth XAI Data Center in Tennessee. The stock was tearing in 2025, up 83% per up to date, making it the most efficient member of the S&P 500.
His rally in the past five days has been motivated by updating the company’s activities last Wednesday, in which the company provided long -term ambitious objectives, strengthening the confidence of investors in its ability to recover from the controversies Surrounding the accusations of the Hindenburg report.
The stock had fell in the second half of 2024 In the wake of the report, the server manufacturer was confronted A investigation by the US Ministry of Justice And delayed the submission of its quarterly and annual deposits of the SEC, endangering it cancellation by the Nasdaq. End of October, His accountant Ernst & Young resignedSaying that he was « not willing to be associated with the financial statements prepared by (super micro) management ».
The company hired a new accountant, and the server manufacturer said in December An independent examination of his business found no evidence of misconduct.
Even with its recent increase, the super micro-actions remain well below their record closing price of $ 114 last March, just before the server manufacturer was added to the S&P 500.
Super Micro declared last week in its commercial update and its publication of preliminary quarterly profits that the company is on the right track to submit its DSA depots delayed before February 25, the prolonged deadline which was granted by Nasdaq, as it seems to avoid radiation. The company is also looking for a new financial director.
CEO Charles Liang has also described ambitious objectives for long -term financial performance of the server manufacturer. During a call with investors following the update according to which the company has the « potential to reach $ 40 billion for exercise ’26 ». Analysts followed by Bloomberg had planned 2026 income Closer to $ 30 billion.
