Super Micro's Shocking Fall: Nasdaq Exit, Stock Plunge, and Capital Raise Chaos

GuruFocus.com2024-12-16

Super Micro Computer (NASDAQ:SMCI) is in free fall, with shares tanking 12% in premarket trading on Monday. This comes hot on the heels of Friday's announcement that it's getting booted from the ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2491010692?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/ABz8Q1FssfE_SvAraSK0Dg--~B/aD00MDA7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/fc0c11a1bbd769fcd3f6137f495fb16d","is_english":true,"pubTime":"2024-12-16 22:13","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2491010692","market":"us","top_or_hot":-1,"title":"Super Micro's Shocking Fall: Nasdaq Exit, Stock Plunge, and Capital Raise Chaos","media":"GuruFocus.com","content":"<div>\n<p>Super Micro Computer (NASDAQ:SMCI) is in free fall, with shares tanking 12% in premarket trading on Monday. This comes hot on the heels of Friday's announcement that it's getting booted from the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/super-micros-shocking-fall-nasdaq-141318949.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Super Micro's Shocking Fall: Nasdaq Exit, Stock Plunge, and Capital Raise Chaos</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSuper Micro's Shocking Fall: Nasdaq Exit, Stock Plunge, and Capital Raise Chaos\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-16 22:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/super-micros-shocking-fall-nasdaq-141318949.html><strong>GuruFocus.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Super Micro Computer (NASDAQ:SMCI) is in free fall, with shares tanking 12% in premarket trading on Monday. This comes hot on the heels of Friday's announcement that it's getting booted from the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/super-micros-shocking-fall-nasdaq-141318949.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NDAQ","symbol_name":"纳斯达克OMX交易所","start_time":0,"source_url":"https://finance.yahoo.com/news/super-micros-shocking-fall-nasdaq-141318949.html","article_id":"2491010692","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/ABz8Q1FssfE_SvAraSK0Dg--~B/aD00MDA7dz00MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/us.finance.gurufocus/fc0c11a1bbd769fcd3f6137f495fb16d"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491010692","pubTimestamp":1734358398,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Super Micro Computer  is in free fall, with shares tanking 12% in premarket trading on Monday. This comes hot on the heels of Friday's announcement that it's getting booted from the Nasdaq-100 Index, effective December 23. Palantir , MicroStrategy , and Axon Enterprise (AXON are stepping in, replacing Super Micro, Moderna (NASDAQ:MRNA), and Illumina (NASDAQ:ILMN). For Super Micro, the move caps a brutal nine months that saw its stock lose nearly 70% of its value since hitting a record $118.8 in March. The company's troubles have snowballed, from missed earnings expectations to a delayed annual report filing, auditor resignations, and a Department of Justice probe triggered by short-seller allegations.GuruFocus has detected 5 Warning Signs with SMCI.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"NDAQ":"纳斯达克OMX交易所","ILMN":"Illumina","QLD":"纳指两倍做多ETF","MSTR":"MicroStrategy","MRNA":"Moderna, Inc.","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","BK4596":"哈里斯概念","LU1861215975.USD":"贝莱德新一代科技基金 A2",".IXIC":"NASDAQ Composite","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1861558580.USD":"日兴方舟颠覆性创新基金B","USAW.SI":"AMZN 3xLongSG261006","BK4600":"加密货币概念","BK4548":"巴美列捷福持仓","BK4112":"金融交易所和数据","BK4170":"电脑硬件、储存设备及电脑周边","TQQQ":"纳指三倍做多ETF","SMCI":"超微电脑","BK4023":"应用软件","BK4516":"特朗普概念","BK4532":"文艺复兴科技持仓","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","SQQQ":"纳指三倍做空ETF","BK4139":"生物科技","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4595":"比特币概念","QID":"纳指两倍做空ETF","NVIW.SI":"NVDA 3xLongSG261006","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","USJW.SI":"ALPHAB 3xLongSG261006","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","BK4121":"生命科学工具和服务","BK4543":"AI","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","BK4501":"段永平概念","PLTR":"Palantir Technologies Inc.","BK4588":"碎股","BK4568":"美国抗疫概念","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","TSYW.SI":"TESLA 3xLongSG261006","LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","BK4551":"寇图资本持仓","PSQ":"纳指反向ETF","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","BK4547":"WSB热门概念"},"translate_title":"超微令人震惊的下跌：纳斯达克退出、股票暴跌、融资混乱","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NDAQ":1,".IXIC":1,"ILMN":1,"MRNA":1,"MSTR":1,"PLTR":1,"SMCI":0.9,"USJW.SI":0.6,"USAW.SI":0.6,"TSYW.SI":0.6,"TQQQ":0.6,"NVIW.SI":0.6,"SQQQ":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"Super Micro Computer (NASDAQ:SMCI) is in free fall, with shares tanking 12% in premarket trading on Monday. This comes hot on the heels of Friday's announcement that it's getting booted from the Nasdaq-100 Index, effective December 23. Palantir (NASDAQ:PLTR), MicroStrategy (NASDAQ:MSTR), and Axon Enterprise (AXON are stepping in, replacing Super Micro, Moderna (NASDAQ:MRNA), and Illumina (NASDAQ:ILMN). For Super Micro, the move caps a brutal nine months that saw its stock lose nearly 70% of its value since hitting a record $118.8 in March. The company's troubles have snowballed, from missed earnings expectations to a delayed annual report filing, auditor resignations, and a Department of Justice probe triggered by short-seller allegations.\n\nWarning! GuruFocus has detected 5 Warning Signs with SMCI.\n\nBut the hits keep coming. Bloomberg dropped another bombshell, reporting that Super Micro has hired Evercore to explore capital-raising options, including equity sales, debt financing, or private equity investments. This isn't the company's first trip down the capital-raising laneback in March, it sold 2 million new shares to drum up $2 billion. Now, with governance concerns lingering and a February deadline to file overdue reports to avoid Nasdaq delisting, Super Micro is walking a tightrope. Meanwhile, its pivot to BDO as its new auditor underscores a desperate attempt to restore credibility, but investors are clearly skeptical.\nHere's the bottom line: Super Micro is teetering on the edge. The Nasdaq removal is a glaring red flag, and while the potential capital raise could buy some breathing room, the company's underlying issuesgovernance gaps, financial reporting delays, and a shrinking market caparen't going away anytime soon. For investors, this might be a wait-and-watch game, but with every misstep, the odds of a turnaround get slimmer. The question now is whether Super Micro can stabilize or if it's destined to be a cautionary tale for growth stocks gone wrong.This article first appeared on \nGuruFocus.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2491010692"}