The accusation of Hidenburg Research contra Super Micro Keep adding new edges. To the accounting manipulation has added that the company had violated export controls and that their executives had not properly revealed their Relationships with suppliers. Despite this, the company’s price continues recovering according to Laura Bratton en Yahoo Finance.
Super Micro manufacture Computer servers products for data centers that use artificial intelligence chips of Nvidia And it has an important agreement with the gigantic XAI Data Center by Elon Musk in Tennessee. The action has been up to 2025, with an increase in 83% So far this year, which makes it the greatest performance member of the S&P 500.
His rebound in the last five days was promoted by the company’s commercial update last Wednesday, in which the company provided ambitious long -term objectiveswhich increased the confidence of investors in their ability to recover from controversies around the accusations in the Hindenburg report.
The action had collapsed in the second half of 2024 following the report, since the server manufacturer faced an investigation of the US Department of Justice. y delayed its quarterly and annual presentations before the SECwhich put him at risk of being excluded from the Nasdaq list. At the end of October, its accountant Ernst & Young He resigned, saying that “he was not willing to be associated with the financial statements prepared by the direction of Super Micro.”
Super Micro has denied the accusations described by Hindenburg Research. The company has hired a new accountant, and the server manufacturer said in December that an independent review of its business did not find evidence of misconduct.
Even with their recent rise, Super Micro’s shares are still well below its record closing price of $ 114 Last March, just before the server manufacturer was added to S&P 500.
Super Micro said last week in its business update and in the preliminary statement of quarterly results that the company is on the way to present its delayed presentations before the SEC before February 25, the expanded deadline granted by Nasdaq, since It seeks to avoid the exclusion of the bag. The company is also in the process of searching for a new financial director.
He Executive Director Charles Liang He also outlined ambitious objectives for the long -term financial performance of the server manufacturer. During a call with investors after the update, it was said that the company has “Potential to reach 40,000 million dollars in fiscal year 2026”. Analysts followed by Bloomberg They had predicted income by 2026 close to 30,000 million dollars.
Super Micro said last week that their servers for data centers that use Nvidia Blackwell artificial intelligence chips are now in full production.
Super Micro Quote down on Wednesday afternoon at $ 57.44. The 70 -period mobile average is below the last nine candles, RSI upwards in the 78 points and the MACD lines above the zero level.
The price has exceeded medium -term resistance in the 56.22 dollars. Meanwhile, IE indicators are practically bullish.