With its actions more than doubled to date, Super micro computer (Nasdaq: SMCI) bounces back from the crisis caused by uncertainty about its accounting practices. But is this recovery a stroke of luck or the start of a new bull? Learn more deep to determine what 2025 could have in reserve for this artificial intelligence equipment company (AI).
Founded in 1993, Super Micro Computer has long been one of the most important manufacturers of Silicon Valley of server and data center. Nevertheless, the stock langui in a relative darkness, with practically stable actions from 2015 to 2021, until the emergence of Chatgpt in 2022 sparked an epic bull at a summit of $ 119 at the beginning of 2024.
Supermicro, as it is also called, helps to turn Graphic processing units (GPU) created by flea manufacturers like Nvidia And Advanced micro-apparents In ready -to -use computer servers. He specializes in energy -efficient conceptions that could save money from customers when they work and form AI algorithms.
This intermediate role allows the company to indirectly benefit from the innovations of its partners in the design of fleas and to take advantage of explosive operational growth.
The Bull Run de Supermicro was already blocked by mid-2010, but the decreases reached a head in August when the famous research on Hindenburg Research published a scathing report accusing the accounting manipulation, escape of sanctions and other serious offenses.
Shortly after, SuperMicro delayed the submission of its annual report for the financial year 2024. And his former auditor Ernst & Young resigned, citing a reluctance to be associated with his financial statements.
Where there is smoke, there is often fire, and it was a lot of smoke. In addition, the company has history of regulatory problems. In 2020, the Commission of securities It was a fine of $ 17.5 million for accounting violations. In 2018, the actions were struck off Nasdaq Exchange due to a period of time in financial information.
Investors feared that the recent delay in deposit could lead to the cancellation of supermicro, which could harm during the shares by making shares less liquid and by frightening more institutional buyers at risk.
However, it seems more and more likely that this is not the case. Management considers that it will be able to submit its financial reports delayed by February 25 and reiterates its assertion that none of its previous deposits will need reprocessing.
This update is a huge positive sign for Supermicro because it suggests that fears of an accounting scandal can be exaggerated, putting attention to the excellent operational momentum of the company.
