It's going to hit rock bottom.-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Like
Comment
Favorite

kylyn
08-28

It's going to hit rock bottom.

Heard on the Street: Super Micro's AI Boom Gets More Scrutiny -- WSJ

Super Micro Computer wasn't priced for any trouble. A lot of trouble is going to prove costly.The maker of specialized AI servers saw its shares sink 26% early Wednesday after it announced a delay in filing its 10-K. That may seem a steep price for late paperwork, but it came just a day after a scathing report from Hindenburg Research. The famed short-selling firm claimed to have found "glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and export-control failures, and customer issues.". Investors mostly shrugged off those claims initially; Super Micro's stock was down only 2.6% by Tuesday's close. However, the delayed 10-K filing seemed to confirm at least the potential for problems. "Additional time is needed for SMCI's management to complete its assessment of the design and operating effectiveness of its internal controls over financial reporting," Wednesday's statement read.

Heard on the Street: Super Micro's AI Boom Gets More Scrutiny -- WSJ

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.

Like

Report

Comment

Top
Latest

empty

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":343370947531136,"tweetId":"343370947531136","gmtCreate":1724860399508,"gmtModify":1724860414258,"author":{"id":3577682825977795,"idStr":"3577682825977795","authorId":3577682825977795,"authorIdStr":"3577682825977795","name":"kylyn","avatar":"https://community-static.tradeup.com/news/3225b0667b2eb7e52600fd274b236619","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":8,"crmLevelSwitch":1,"individualDisplayBadges":[],"fanSize":1,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><p>It's going to hit rock bottom.&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>It's going to hit rock bottom.&nbsp;</p></body></html>","text":"It's going to hit rock bottom.","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/343370947531136","repostId":2462460096,"repostType":2,"repost":{"id":"2462460096","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1724859240,"share":"https://www.laohu8.com/m/news/2462460096?lang=&edition=full","pubTime":"2024-08-28 23:34","market":"us","language":"en","title":"Heard on the Street: Super Micro's AI Boom Gets More Scrutiny -- WSJ","url":"https://stock-news.laohu8.com/highlight/detail?id=2462460096","media":"Dow Jones","summary":"Super Micro Computer wasn't priced for any trouble. A lot of trouble is going to prove costly.The maker of specialized AI servers saw its shares sink 26% early Wednesday after it announced a delay in filing its 10-K. That may seem a steep price for late paperwork, but it came just a day after a scathing report from Hindenburg Research. The famed short-selling firm claimed to have found \"glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and export-control failures, and customer issues.\". Investors mostly shrugged off those claims initially; Super Micro's stock was down only 2.6% by Tuesday's close. However, the delayed 10-K filing seemed to confirm at least the potential for problems. \"Additional time is needed for SMCI's management to complete its assessment of the design and operating effectiveness of its internal controls over financial reporting,\" Wednesday's statement read.","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     By Dan Gallagher \n</p>\n<p>\n     Super Micro Computer wasn't priced for any trouble. A lot of trouble is going to prove costly. \n</p>\n<p>\n     The maker of specialized AI servers saw its shares sink 26% early Wednesday after it announced a delay in filing its 10-K. That may seem a steep price for late paperwork, but it came just a day after a scathing report from Hindenburg Research. The famed short-selling firm claimed to have found \"glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and export-control failures, and customer issues.\" \n</p>\n<p>\n     Investors mostly shrugged off those claims initially; Super Micro's stock was down only 2.6% by Tuesday's close. However, the delayed 10-K filing seemed to confirm at least the potential for problems. \"Additional time is needed for SMCI's management to complete its assessment of the design and operating effectiveness of its internal controls over financial reporting,\" Wednesday's statement read. \n</p>\n<p>\n     Time will tell if Hindenburg's allegations stick. But questions about Super Micro's growth threaten the underpinnings of what until recently was an even hotter AI stock than Nvidia. Super Micro's shares more than tripled in value in the first three months of this year, after the company first began reporting booming sales growth due to demand for servers using Nvidia's chips. \n</p>\n<p>\n     That helped usher the 31-year-old company into the S&amp;P 500 and even put Super Micro's market cap within spitting range of rival server maker Dell--which is more than seven times larger in terms of annual revenue. \n</p>\n<p>\n     That run also gave Super Micro a pricey valuation of more than 43 times forward earnings at its peak--more than triple the multiples of Dell, Cisco and Hewlett Packard Enterprise. The stock has lost a lot of ground since, especially following the company's quarterly earnings earlier this month, which showed a sharp drop in gross margins. \n</p>\n<p>\n     But Super Micro was still at a premium to IT equipment peers ahead of this week's developments. Even Wednesday's drop leaves it with a year-to-date gain of 45%--among the top 25 performers on the S&amp;P 500. Super Micro's AI bubble may still be facing some deflation. \n</p>\n<p>\n     This analysis comes from the Journal's Heard on the Street team. Subscribe to their free daily afternoon newsletter here_._ \n</p>\n<p>\n     This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 28, 2024 11:34 ET (15:34 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","collect":0,"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>Heard on the Street: Super Micro's AI Boom Gets More Scrutiny -- WSJ</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\">\nHeard on the Street: Super Micro's AI Boom Gets More Scrutiny -- WSJ\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-08-28 23:34</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     By Dan Gallagher \n</p>\n<p>\n     Super Micro Computer wasn't priced for any trouble. A lot of trouble is going to prove costly. \n</p>\n<p>\n     The maker of specialized AI servers saw its shares sink 26% early Wednesday after it announced a delay in filing its 10-K. That may seem a steep price for late paperwork, but it came just a day after a scathing report from Hindenburg Research. The famed short-selling firm claimed to have found \"glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and export-control failures, and customer issues.\" \n</p>\n<p>\n     Investors mostly shrugged off those claims initially; Super Micro's stock was down only 2.6% by Tuesday's close. However, the delayed 10-K filing seemed to confirm at least the potential for problems. \"Additional time is needed for SMCI's management to complete its assessment of the design and operating effectiveness of its internal controls over financial reporting,\" Wednesday's statement read. \n</p>\n<p>\n     Time will tell if Hindenburg's allegations stick. But questions about Super Micro's growth threaten the underpinnings of what until recently was an even hotter AI stock than Nvidia. Super Micro's shares more than tripled in value in the first three months of this year, after the company first began reporting booming sales growth due to demand for servers using Nvidia's chips. \n</p>\n<p>\n     That helped usher the 31-year-old company into the S&amp;P 500 and even put Super Micro's market cap within spitting range of rival server maker Dell--which is more than seven times larger in terms of annual revenue. \n</p>\n<p>\n     That run also gave Super Micro a pricey valuation of more than 43 times forward earnings at its peak--more than triple the multiples of Dell, Cisco and Hewlett Packard Enterprise. The stock has lost a lot of ground since, especially following the company's quarterly earnings earlier this month, which showed a sharp drop in gross margins. \n</p>\n<p>\n     But Super Micro was still at a premium to IT equipment peers ahead of this week's developments. Even Wednesday's drop leaves it with a year-to-date gain of 45%--among the top 25 performers on the S&amp;P 500. Super Micro's AI bubble may still be facing some deflation. \n</p>\n<p>\n     This analysis comes from the Journal's Heard on the Street team. Subscribe to their free daily afternoon newsletter here_._ \n</p>\n<p>\n     This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 28, 2024 11:34 ET (15:34 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU1506573853.SGD":"MANULIFE GF GLOBAL EQUITY \"AA\" (SGD) INC","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","BK4525":"远程办公概念","BK4535":"淡马锡持仓","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","BK4527":"明星科技股","BK4579":"人工智能","BK4588":"碎股","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","BK4550":"红杉资本持仓","IE00BFXG1179.USD":"BNY MELLON U.S. EQUITY INCOME \"B\" (USD) INC","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","SG9999002232.USD":"Allianz Global High Payout USD","LU0234572021.USD":"高盛美国核心股票组合Acc","DELL":"戴尔","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","SG9999002224.SGD":"Allianz Global High Payout SGD","LU1894683264.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) ACC","LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","IE00B3T34201.USD":"BNY MELLON GLOBAL EQUITY INCOME \"B\" (USD) INC","BK4581":"高盛持仓","SMCI":"超微电脑","BK4560":"网络安全概念","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","LU1059921491.USD":"NORDEA 1 GLOBAL STABLE EQUITY \"HB\" (USDHDG) ACC","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU1046421795.USD":"富达环球科技A-ACC","BK4170":"电脑硬件、储存设备及电脑周边","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","LU0731783394.SGD":"Fidelity Global Dividend A-MINCOME(G)-SGD","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","BK4515":"5G概念","LU1894683348.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC","NVDA":"英伟达","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU1599440770.SGD":"FIDELITY GLOBAL DIVIDEND \"A\" (SGDHDG) INC","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","CSCO":"思科","BK4585":"ETF&股票定投概念","SG9999001424.SGD":"United E-Commerce Fund SGD","BK4534":"瑞士信贷持仓","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4533":"AQR资本管理(全球第二大对冲基金)"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2462460096","content_text":"By Dan Gallagher \n\n\n     Super Micro Computer wasn't priced for any trouble. A lot of trouble is going to prove costly. \n\n\n     The maker of specialized AI servers saw its shares sink 26% early Wednesday after it announced a delay in filing its 10-K. That may seem a steep price for late paperwork, but it came just a day after a scathing report from Hindenburg Research. The famed short-selling firm claimed to have found \"glaring accounting red flags, evidence of undisclosed related party transactions, sanctions and export-control failures, and customer issues.\" \n\n\n     Investors mostly shrugged off those claims initially; Super Micro's stock was down only 2.6% by Tuesday's close. However, the delayed 10-K filing seemed to confirm at least the potential for problems. \"Additional time is needed for SMCI's management to complete its assessment of the design and operating effectiveness of its internal controls over financial reporting,\" Wednesday's statement read. \n\n\n     Time will tell if Hindenburg's allegations stick. But questions about Super Micro's growth threaten the underpinnings of what until recently was an even hotter AI stock than Nvidia. Super Micro's shares more than tripled in value in the first three months of this year, after the company first began reporting booming sales growth due to demand for servers using Nvidia's chips. \n\n\n     That helped usher the 31-year-old company into the S&P 500 and even put Super Micro's market cap within spitting range of rival server maker Dell--which is more than seven times larger in terms of annual revenue. \n\n\n     That run also gave Super Micro a pricey valuation of more than 43 times forward earnings at its peak--more than triple the multiples of Dell, Cisco and Hewlett Packard Enterprise. The stock has lost a lot of ground since, especially following the company's quarterly earnings earlier this month, which showed a sharp drop in gross margins. \n\n\n     But Super Micro was still at a premium to IT equipment peers ahead of this week's developments. Even Wednesday's drop leaves it with a year-to-date gain of 45%--among the top 25 performers on the S&P 500. Super Micro's AI bubble may still be facing some deflation. \n\n\n     This analysis comes from the Journal's Heard on the Street team. Subscribe to their free daily afternoon newsletter here_._ \n\n\n     This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  August 28, 2024 11:34 ET (15:34 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":41,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":25,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}