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The company is building a new Silicon Valley campus as it looks to stave off competition in artificial-intelligence servers.
Supermicro Drives Innovation, Job Creation, and Economic Growth in San Jose 's Thriving Tech Market SAN JOSE, Calif. , Feb. 28, 2025 /PRNewswire/ -- Supermicro, Inc. (NASDAQ: SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, is pushing forward with a major expansion, announcing plans for a third campus in Silicon Valley.
Super Micro Computer's stock surged year-to-date as institutional ownership increased and management reassured investors about the accounting debacle. The company filed its annual and quarterly reports on time, with BDO USA confirming the financial statements' accuracy, boosting investor sentiment. Significant data center capex from major tech firms and Super Micro's advanced DLC technology position it for substantial revenue growth in FY2025 and FY2026.
The AI server maker is down double digits this week despite filing its delayed accounts on time.
Super Micro Computer (SMCI -13.42%) stock is seeing a big pullback in Thursday's trading. The company's share price was down 12% as of 2 p.m.
For most of 2024 and early 2025, Super Micro Computer was at risk of being delisted from the NASDAQ exchange. An August report from defunct short-selling group Hindenburg Research led SMCI stock (NASDAQ: SMCI) to drop to as low as $18 by mid-November.
An end to Super Micro's delisting drama is welcome news for “fast money” and quantitative investors. But one analyst says institutional investors are still avoiding the stock.
The Wednesday session has seen earnings calls coming out of several high profile companies and will see more in the evening.
Super Micro Computer was poised to be one of the better-performing semiconductor plays of last year. Then, in August, now-defunct short-selling activist group Hindenburg Research released a scathing report, which alleged widespread accounting malpractice at the company.
SAN JOSE, Calif.--(BUSINESS WIRE)--Super Micro Computer, Inc. (NASDAQ: SMCI) (“Supermicro” or the “Company”), a Total IT Solution Provider for AI, Cloud, Storage and 5G/Edge, today filed with the Securities and Exchange Commission (SEC) its Annual Report on Form 10-K for the fiscal year ended June 30, 2024 and its Quarterly Reports on Form 10-Q for the first quarter of fiscal 2025 ended September 30, 2024 and the second quarter of fiscal 2025 ended December 31, 2024. The Company is now current.