Super Micro Computer Inc ($SMCI) Stock Forecast: Down 6.5% Today

What is Super Micro Computer Inc?

Super Micro Computer Inc. (SMCI) Super Micro Computer Inc. (SMCI) is a technology company specializing in server solutions and data center storage. The market experienced a strong bearish movement today.

Why is Super Micro Computer Inc going down?

SMCI stock is down 6.5% on Nov 20, 2024 14:45

• SMCI stock soared 31.24% after announcing the appointment of BDO USA as its Independent Auditor and filing a compliance plan with Nasdaq, indicating positive steps towards regulatory compliance.
• The positive news surrounding SMCI's compliance efforts led to a surge in its stock price, showcasing investor confidence in the company's ability to address regulatory concerns.
• Despite the bullish movement, analysts remain cautious about SMCI's future performance, suggesting that further developments are needed to solidify investor trust and sustain the stock's upward momentum.

SMCI Price Chart

SMCI Technical Analysis

SMCI News

Zacks Investment Ideas feature highlights: Vaneck Semiconductor ETF, Nvidia, Super Micro Computer, Dell and Arm

Vaneck Semiconductor ETF, Nvidia, Super Micro Computer, Dell and Arm have been highlighted in this Investment Ideas article.

https://www.zacks.com/stock/news/2372489/zacks-investment-ideas-feature-highlights-vaneck-semiconductor-etf-nvidia-super-micro-computer-dell-and-arm

Super Micro Computer Shares Soar 32% As It Avoids Getting Booted Off Nasdaq, But Analysts Are Not Convinced: Here's What's Coming Next For SMCI - Super Micro Computer ( NASDAQ:SMCI )

Shares of Super Micro Computer Inc SMCI closed 31.24% higher in trade on Tuesday at $28.27 apiece. This happened after it announced the appointment of BDO USA as its Independent Auditor and also filed a compliance plan with Nasdaq, according to its press release.

https://www.benzinga.com/24/11/42082542/supermicro-computer-shares-soar-32-as-it-avoids-nasdaq-delisting-but-analysts-are-not-convinced-heres-whats-comin

SuperMicro Stock Is Rising Tuesday: What's Going On? - Super Micro Computer ( NASDAQ:SMCI )

Shares of SuperMicro Computer, Inc. SMCI are trading higher Tuesday on continued momentum after the company announced the appointment of an independent auditor and the filing of a compliance plan with the Nasdaq. Here's what you need to know.

https://www.benzinga.com/trading-ideas/movers/24/11/42069253/supermicro-stock-is-rising-tuesday-whats-going-on

Energizer, C3.ai, Insmed And Other Big Stocks Moving Higher On Tuesday - Energizer Hldgs ( NYSE:ENR )

U.S. stocks were lower, with the Dow Jones index falling more than 350 points on Tuesday. Shares of Energizer Holdings, Inc. ENR rose sharply during Tuesday's session following better-than-expected quarterly earnings.

https://www.benzinga.com/24/11/42069225/energizer-c3-ai-insmed-and-other-big-stocks-moving-higher-on-tuesday

Super Micro Computer Is Up 30% In Tuesday Pre-Market: What's Going On? - NVIDIA ( NASDAQ:NVDA ) , Super Micro Computer ( NASDAQ:SMCI )

In a significant pre-market move, Super Micro Computer Inc. SMCI is experiencing a notable surge in its stock price. This comes after the company announced strategic changes aimed at addressing compliance issues.

https://www.benzinga.com/markets/equities/24/11/42057634/super-micro-computer-is-up-by-30-on-tuesday-pre-market-whats-going-on

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Super Micro Computer Inc Price History

07.10.2024 - SMCI Stock was up 11.5%

• SMCI stock remained resilient amid recent challenges, including negative factors and a downgrade from JPMorgan.
• Bargain hunters likely took notice of the oversold status of tech stocks, including SMCI, seeking undervalued investment prospects.
• Despite criticisms from Jim Cramer on SMCI's recent updates, investors appeared more focused on the company's long-term potential in green computing solutions.
• The general positive market sentiment and the interest in undervalued tech stocks likely played a role in driving SMCI's bullish movement.

18.10.2024 - SMCI Stock was up 6.2%

• Reasons for the surge in SMCI stock price include:
• Investors may view the company's proposal submission to address the delisting concerns in a favorable light.
• The recent departure of its auditor, Ernst & Young, could have caused a temporary drop in the stock price, attracting some investors looking for buying opportunities.
• Market sentiment towards SMCI appears to have improved, possibly due to expectations of upcoming company developments.

18.10.2024 - SMCI Stock was up 5.6%

• SMCI displayed a significant increase in its stock price during pre-market trading, despite the potential delisting from the Nasdaq Stock Market, which reflects positive sentiment among investors.
• The recent departure of its auditor, Ernst & Young, resulting in a new 52-week low on Friday, might have been somewhat overlooked due to upcoming major events for the company, resulting in a resurgence of investor confidence.
• Despite a 70% decline in its stock over the past three months, SMCI's long-term growth prospects and attractively low valuation suggest a buying opportunity, drawing investors seeking undervalued stocks in the market.

15.10.2024 - SMCI Stock was up 5.3%

• SMCI stock surged despite facing challenges with filing its fiscal first-quarter earnings on time, indicating investor confidence in the company's long-term prospects.
• The news of halting the construction of a new factory in Malaysia may have initially caused some concerns, but the overall positive market sentiment outweighed this temporary setback.
• Investors seem to be focusing more on the company's core business operations and growth potential rather than short-term hurdles, leading to the bullish movement in the stock.
• Despite the recent volatility, SMCI's resilience in the face of challenges showcases its ability to navigate obstacles and maintain investor interest.

20.10.2024 - SMCI Stock was down 6.5%

• SMCI stock soared 31.24% after announcing the appointment of BDO USA as its Independent Auditor and filing a compliance plan with Nasdaq, indicating positive steps towards regulatory compliance.
• The positive news surrounding SMCI's compliance efforts led to a surge in its stock price, showcasing investor confidence in the company's ability to address regulatory concerns.
• Despite the bullish movement, analysts remain cautious about SMCI's future performance, suggesting that further developments are needed to solidify investor trust and sustain the stock's upward momentum.

11.10.2024 - SMCI Stock was up 5.3%

• Despite negative developments, Super Micro Computer Inc. (SMCI) saw a notable uptrend, overcoming concerns such as halted factory construction in Malaysia and risks of delisting.
• Investors remained resilient, pushing the stock up despite pessimism in the options market.
• The tech sector's potential oversold status may have spurred positive reactions in the market, resulting in heightened interest and increased buying activity for SMCI shares.
• Emphasizing the company's long-term growth prospects, investors focused on Super Micro Computer Inc.'s future despite existing challenges, driving the stock's value upwards.

06.10.2024 - SMCI Stock was down 18.7%

• Preliminary financial results and a business update were released by the company, contributing to a negative market sentiment.
• The stock was downgraded by JPMorgan with a reduced price target, impacting investor confidence.
• Criticism of the company's recent performance by Jim Cramer from CNBC added to the downward pressure on the stock.
• Despite some bullish options activity, the overall sentiment towards Super Micro Computer remained bearish due to the negative news and analyst actions.

14.10.2024 - SMCI Stock was down 12.5%

• SMCI's stock showed a notable decrease in pre-market trading due to the disclosure of delays in filing financial reports caused by significant effort and cost.
• The suspension of a new factory construction in Malaysia also influenced the downward trend in SMCI's stock.
• The adverse updates regarding SMCI's financial reporting and operational choices probably prompted investor worries, resulting in a bearish market performance for the stock today.

14.10.2024 - SMCI Stock was down 12.9%

• The company saw a 10.33% decline in pre-market trading due to the announcement of delays in filing its fiscal first-quarter 2025 Form 10-Q, citing excessive effort and cost.
• The decision to halt the construction of a new factory in Malaysia further added to the negative sentiment surrounding the stock.
• Concerns about financial reporting delays and operational decisions impacting investor confidence may have contributed to the bearish trend.
• The options market also indicated bearish sentiment towards Super Micro Computer, with a majority of traders showing tendencies towards a downward movement in the stock.

05.10.2024 - SMCI Stock was up 5.0%

• Experienced a strong bullish movement today.
• Financial giants have shown bullish tendencies, with 42% of traders being bullish on SMCI.
• Shares bounced back after a significant drop last week due to governance and transparency concerns raised by its independent auditor.
• Anticipation of the company's first-quarter earnings report, with expectations set at 75 cents in earnings per share and revenue of $6.45 billion, has likely contributed to the bullish market movement.

19.10.2024 - SMCI Stock was up 28.9%

• SMCI stock surged after the company announced the appointment of an independent auditor and filed a compliance plan with Nasdaq, boosting investor confidence in the company's governance.
• The strategic changes aimed at addressing compliance issues contributed to the notable surge in SMCI's stock price, indicating a positive response from the market to the company's proactive measures.
• The bullish movement in SMCI's stock could also be attributed to the overall positive sentiment in the market towards tech companies, as indicated by the rise in other tech stocks like NVIDIA.
• Investor optimism and strategic initiatives by SMCI seem to have overshadowed broader market trends, with SMCI standing out as a top performer amidst a day of mixed performance for U.S. stocks.

19.10.2024 - SMCI Stock was up 17.9%

• SMCI stock surged in pre-market and after-hours trading sessions following strategic changes to address compliance issues and engaging a new independent auditor.
• The company's stock price rose significantly despite facing potential delisting concerns from the Nasdaq Stock Market.
• Investors seem optimistic about SMCI's future, with anticipated catalysts and trading strategies in place to capitalize on potential spikes in the stock price.
• The market movement reflects a mix of positive developments and investor sentiment, driving the bullish momentum in SMCI stock.