
Super Micro Computer Inc., once a prominent AI highflier, has experienced a significant decline in its stock value following a report by Hindenburg Research, which raised concerns about the company's accounting practices. The report led to Super Micro delaying the filing of its annual report, further exacerbating the stock's downturn. The company's stock, which was valued at over $900 five months ago, has now dropped to $448 per share, making it August's worst performer. This decline has resulted in a $6 billion decrease in the CEO's wealth. Despite the turmoil, Super Micro's orders and payments to Taiwan suppliers remain normal. The situation is compounded by the fact that several executives sold millions worth of stock near its peak value. Analysts have delivered negative assessments, contributing to the ongoing selloff.


Super Micro’s precipitous August stock selloff can be summed up by these stats https://t.co/tnJ41L71NK
Super Micro, once one of Wall Street’s hottest artificial intelligence plays, has been pummeled by bad news, with dip buyers staying away https://t.co/AUvvMaFmS9
Super Micro Is August’s Worst Performer. The Best Stock Has Nothing to Do With AI. https://t.co/gbSodqqUNj