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Larry Ramer

Super Micro Computer Crushed Earnings. Wall Street Still Can’t Stomach SMCI Stock’s Reputation

SMCI Super Micro Super Micro Computer United States

Super Micro Computer (SMCI) reported superb fiscal third-quarter financial results on May 5, at least on the surface. Digging deeper, SMCI stock is still well below its 52-week and all-time highs. By far the biggest reason for the shares' inability to come close to regaining its former status is the company's multiple scandals and alleged accounting violations.

These incidents make SMCI stock uninvestable because it's impossible to know when another scandal, accounting irregularity, or probe of the firm will materialize, which could cause SMCI stock to suddenly tumble tremendously. Additionally, it's difficult to rely fully on the accuracy of its financial results.

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