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Supermicro Shares Soar as It Looks to Avoid Being Delisted Is Now a Good Time to Buy the Beaten-Down Stock

Business

It’s been a roller-coaster ride for Super Micro Computer’s (NASDAQ: SMCI) stock this year, with a lot of big moves in both directions. After a hot start to the year, the company’s shares began to slide following a short report from Hindenburg Research that accused the company of accounting manipulation. The Wall Street Journal later reported that Supermicro was being investigated by the Department of Justice (DOJ) over potential accounting issues, addIing fuel to the fire, although the report was never confirmed by the company nor the DOJ.

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