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This year has been a case of one step forward, two steps back back for high-performance server and storage solutions provider Super Micro Computer (SMCI). After financial services major JPMorgan warned of challenges for the company ahead, the company recently nabbed a $20 billion deal with DataVolt, a data center firm from Saudi Arabia.
However, the joy seems to be short-lived for Super Micro after reports emerged that billionaire investor George Soros’ fund, Soros Fund Management, sold its entire stake in the company as of the end of the first quarter. According to the Q1 13F filing, Soros Fund Management initially opened a position in SMCI in the fourth quarter of 2024 and held 163,500 shares. It exited that position completely as of Q1.