Super Micro Computer (SMCI) jumped out of the gate in 2024 and rallied hard in the first few months. Indeed, the stock was up more than 300% for the year to date back in mid-March but it has since pared these gains to about 46% amid a series of fundamental woes.
Still, a big event is on the immediate horizon that has implications for investors. SMCI is scheduled to undergo a 10-for-1 stock split next week and will start trading on a split-adjusted basis at the open on Tuesday, October 1.
