Super Micro Computer Stock Plunges Amid DOJ Probe and 10-for-1 Split
Supermicro faces significant market turbulence due to regulatory scrutiny and a major stock split.
- Super Micro Computer's stock fell sharply following allegations of accounting irregularities by Hindenburg Research.
- The DOJ is reportedly investigating Supermicro, contributing to further declines in its stock price.
- The company's stock price dropped to around $42 per share due to a 10-for-1 stock split.
- Despite recent setbacks, Supermicro has shown impressive long-term growth, with a market cap of $2.44 billion.
- Supermicro's future remains uncertain as it competes with industry giants like Dell and HPE in the AI server market.