Super Micro’s Red Flags Are Stop Sign for Cautious Dip Buyers
- Shares have plummeted after a short report and filing delay
- Wall Street remains positive on AI infrastucture spending
Super Micro Computer Inc. shares are on pace for their worst month in nearly six years.
Photographer: Annabelle Chih/BloombergThis article is for subscribers only.
What was one of Wall Street’s hottest artificial intelligence plays has been pummeled by bad news, with dip buyers staying away as accounting questions hang over the stock.
Super Micro Computer Inc. shares are on pace for their worst month in nearly six years after allegations of accounting problems by a short-seller and a delayed 10-K filing for which the company said it needed more time to assess its internal controls. A disappointing earnings report earlier in August also roiled the stock.