Super Micro Computer Stock: Cleared of Fraud, But Challenges Remain
TL;DR Summary
Super Micro Computer Inc's stock rose 25% after an internal investigation found no misconduct or fraud, though it highlighted governance lapses. The company plans to appoint a new CFO and enhance oversight. Despite these measures, JPMorgan maintains an "Underweight" rating due to concerns about auditor response and Nasdaq compliance. The stock is currently trading at $41.82, with a 52-week high of $122.90.
- What's Going On With Super Micro Computer (SMCI) Stock? Benzinga
- With Fraud Allegations Cleared, Is Super Micro Computer Stock (SMCI) a Buy? Yahoo Finance
- SMCI stock price surges 34%: 'No evidence of misconduct,' but Super Micro Computer isn't out of the woods yet Fast Company
- Super Micro's Turning Point (NASDAQ:SMCI) Seeking Alpha
- Super Micro Stock Falls. It Has Joined an Exclusive Club With These 6 Other Members. Barron's
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