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Omor Ibne Ehsan

CEO Charles Liang Just Sold Super Micro Computer Stock. Should You?

Charles Liang Super Micro Computer Super Micro SMCI Nasdaq

Super Micro Computer (SMCI) delivered explosive gains in early 2024 before dramatically slowing down. In fact, SMCI stock came down just as fast as it went up, and was on the brink of losing its Nasdaq listing. The bloodshed all started after a Hindenburg Research report alleged accounting manipulation. Then, Super Micro’s auditor, EY, resigned. 

Ultimately, Super Micro Computer failed to post its 10-Q and 10-K reports on time. This led to SMCI trading as one of the cheapest AI-related stocks on the market. The stock started making a sharp recovery in February once it filed pending reports, preventing a doomsday scenario for SMCI.

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