Category: micro
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This Company Will Be the Biggest Beneficiary of Super Micro Computer’s Problems
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Massive investments in data centers are driven by our growing need for data storage and processing power and the enormous requirements for artificial intelligence (AI) software. While some data centers are relatively small, others are larger than 100,000 square feet (often millions of square feet). Tech titans like Microsoft, amazon,…
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Super Micro stock set to notch nearly 80% weekly gain as company hires new auditor
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Super Micro Computer (SMCI) stock continued its rebound on Friday, with shares on track to post a weekly gain of 78%. Shares of Super Micro — a maker of AI servers that uses Nvidia ( NVDA ) chips and has a major deal with Elon Musk’s xAI — rose more…
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Super Micro stock surges after company files plan to avoid Nasdaq delisting
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Super Micro Computer (SMCI) stock rose more than 20% in early trading Tuesday after the artificial intelligence server maker Submitted a compliance plan to the SEC late Monday to avoid delisting from Nasdaq. The company – which partners with Nvidia (NVDA) to power high-tech servers with its AI chips –…
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Super Micro Computer Shares Fall Again on Latest Update. Is the Bottom In, or Is There More Downside Ahead for the Stock?
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shares Super micro computer (NASDAQ: SMCI) It fell again after the company provided investors with an update on its first-quarter financial results, as well as its current audit and filing process. Supermicro was a big winner early in the year, with its shares quadrupling during the first three months of…
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Super Micro Computer Stock Has Dropped 60% on Troubling News. Here’s What You Need to Know After the Company’s Latest Update.
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Super micro computer (NASDAQ: SMCI) He started the year as a star in the AI market. The equipment maker has been around for more than 30 years, selling servers and carrier bandwidth solutions, but has already seen profits increase as artificial intelligence (AI) booms. In recent quarters, Supermicro has reported…
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Super Micro Computer stock continues wild ride as investors weigh AI hype against alleged DOJ probe
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Super Micro Computer ( SMCI ) stock fell 2.5% on Thursday after rising as much as 9% the day before, continuing its rollercoaster ride for a week as investors oscillate between optimism about the company’s strong financial position and caution about regulatory risks. It is said that super micro is…
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Super Micro Plunges as Prosecutor Reviews Accounting Claims
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(Bloomberg) — Super Micro Computer Inc. fell. The most in a month following a report that the US Justice Department was looking into a former employee’s claims that the server maker violated accounting rules, a few years after settling a bookkeeping case with the top financial regulator. Most read from…
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Super Micro Computer probed by DoJ
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Super Micro Computer (NASDAQ:SMCI), a major player in the artificial intelligence server industry, is under investigation by the U.S. Department of Justice, according to a report from The Wall Street Journal (WSJ). The investigation comes on the heels of a report by short-selling firm Hindenburg Research that raised concerns about…
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Super Micro delays annual filing to review internal controls, shares fall By Reuters
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(Reuters) – Super Micro Computer Inc (NASDAQ:SMIC) on Wednesday delayed filing its annual report and said it needed more time to evaluate the “effectiveness of internal controls” over its financial reporting, sending shares of the artificial intelligence server maker down 21%. The move comes a day after Hindenburg Research revealed…
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Super Micro stock ousts Walgreens in Nasdaq-100 (NASDAQ:SMCI)
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Odin Design supercomputerNASDAQ:SMCI) will join the Nasdaq 100 Index (NDX) before markets open on Monday, July 22, replacing drugstore chain Walgreens Boots Alliance (NASDAQ: WBANASDAQ (NDAQ) announced. The electronic stock market said in a statement issued late Friday: This super micro (SMCI), an AI server company, will also replace Deerfield,…
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Super Micro stock ousts Walgreens in Nasdaq-100 (NASDAQ:SMCI)
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Odin Design supercomputerNASDAQ:SMCI) will join the Nasdaq 100 Index (NDX) before markets open on Monday, July 22, replacing drugstore chain Walgreens Boots Alliance (NASDAQ: WBANASDAQ (NDAQ) announced. The electronic stock market said in a statement issued late Friday: This super micro (SMCI), an AI server company, will also replace Deerfield,…