Here’s why Super Micro (SMCI) stock price is crashing
Since then, the business has found a new auditor, announced sweeping changes in leadership, and SMCI stock recovered to $40.54 at press time. However, on December 10, shares of SMCI saw an 8.20% crash — and in the premarket trading session, prices went as low as $38.99, bringing the combined decrease to 11.70%.
Why Super Micro Computer Stock Is Sinking Today
Supermicro is falling on the heels of recent coverage on the stock from J.P. Morgan. While J.P. Morgan's analysts said that orders for Supermicro's servers continued to be robust despite recent controversies surrounding the company, it maintained an underweight rating on the stock and a one-year price target of $23 per share.
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Few stocks have taken investors on more of a roller-coaster ride in a single year than Super Micro Computer (NASDAQ: SMCI).
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