Super Micro Computer Surges Amid AI Stock Rally, Short Sellers Hit Hard
TL;DR Summary
Super Micro Computer's stock surged 53% this week, causing $1.4 billion in losses for short sellers. The rise follows the company's hiring of BDO as its new auditor and plans to comply with Nasdaq listing rules after previous accounting issues. A positive mention from Nvidia's CEO also boosted investor confidence. Despite the increase, SMCI stock remains 73% below its 52-week high, with analysts maintaining a consensus Hold rating.
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- What's Happening With Super Micro Stock? Forbes
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