Super Micro Computer Inc ($SMCI) Stock Forecast: Down 6.7% Today

What is Super Micro Computer Inc?

Super Micro Computer Inc. (NASDAQ: SMCI) is a technology company based in San Jose, California. The company specializes in providing server solutions and other computing products.

Why is Super Micro Computer Inc going down?

SMCI stock is down 6.7% on Dec 13, 2024 14:40

• Despite positive developments from an internal investigation and CEO assurances, SMCI stock saw a notable decrease.
• JPMorgan's 'Underweight' rating on SMCI with a low price target could have influenced the bearish market performance.
• Speculation about SMCI's potential delisting from the Nasdaq 100 Index may have added to investor worries and the downward trend.
• The optimism from investors on SMCI options did not seem to counterbalance the negative outlook from analysts and the market, resulting in the stock price decline.

SMCI Price Chart

SMCI Technical Analysis

SMCI News

Market Whales and Their Recent Bets on SMCI Options - Super Micro Computer ( NASDAQ:SMCI )

Investors with a lot of money to spend have taken a bullish stance on Super Micro Computer SMCI. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know.

https://www.benzinga.com/insights/options/24/12/42468757/market-whales-and-their-recent-bets-on-smci-options

What's Going On With Super Micro Computer ( SMCI ) Stock? - Super Micro Computer ( NASDAQ:SMCI )

Super Micro Computer Inc SMCI shares have surged 17% to $38.30 in the month of December following the results of an internal investigation by its Special Committee. The probe, conducted with legal and forensic experts, found no evidence of misconduct or fraud by management or the board.

https://www.benzinga.com/news/24/12/42464960/whats-going-on-with-super-micro-computer-smci-stock

SMCI Stock Receives Harshest Price Target Among 17 Tracked Analysts As JPMorgan Maintains Underweight Rating On Super Micro: 'No Significant Movement Of Orders' - Super Micro Computer ( NASDAQ:SMCI )

JPMorgan Chase & Co maintained its 'Underweight' rating on Super Micro Computer, Inc SMCI and reaffirmed its $23 price target following a recent meeting with company management.

https://www.benzinga.com/24/12/42460199/jpmorgan-reiterates-underweight-rating-on-supermicro-maintains-the-lowest-target-price-among-the-17-tracked-analy

Super Micro Computer Teeters On Edge Of Nasdaq 100: Can xAI, Nvidia Help Stabilize Trajectory? - Super Micro Computer ( NASDAQ:SMCI )

Super Micro Computer Inc. SMCI is walking a tightrope this week, with its spot on the Nasdaq 100 Index hanging in the balance. As the index reshuffles its lineup every December, the San Jose, California-based firm finds itself on the potential chopping block, alongside other underperforming ...

https://www.benzinga.com/24/12/42445956/smci-teeters-on-edge-of-nasdaq-100-is-friday-d-day-for-super-micro

SMCI Stock Drops In Pre-Market Despite Super Micro CEO's Assurance Against Delisting: What's Going On? - Super Micro Computer ( NASDAQ:SMCI )

Super Micro Computer Inc. SMCI experienced a 7.18% drop in pre-market trading on Wednesday, as per Benzinga Pro. This decline occurred despite reassurances from CEO Charles Liang that the company's stock would not be delisted from Nasdaq.

https://www.benzinga.com/markets/24/12/42432508/smci-stock-drops-in-pre-market-despite-super-micro-ceos-assurance-against-delisting-whats-going-on

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Super Micro Computer Inc Price History

03.11.2024 - SMCI Stock was down 5.1%

• Despite being cleared of misconduct allegations by an independent review committee, SMCI stock had a strong bearish movement.
• Investor attention may have been diverted from SMCI due to the surge in ZJK Industrial Co. stock following collaboration with Nvidia.
• Market sentiment towards SMCI could have been influenced negatively by Bridgewater Associates offloading stake in AI giant Nvidia and adding positions in other tech companies like Apple.
• The bearish movement in SMCI stock could have been contributed by the overall tech sector volatility and the shifting investor preferences towards different tech stocks.

03.11.2024 - SMCI Stock was up 19.8%

• Super Micro Computer shares surged 7% in premarket trading after an independent review cleared the company of misconduct allegations.
• Bridgewater Associates, a leading hedge fund, added SMCI to its portfolio in Q3, showing confidence in the company's future.
• The semiconductor sector is expected to rally towards the end of the year, with supply concerns easing for companies like Nvidia, supported by positive technical and valuation indicators.
• The market responded favorably to the special committee's conclusion that found no evidence of misconduct at Super Micro Computer, leading to a notable increase in the stock price.

11.11.2024 - SMCI Stock was down 11.2%

• Despite CEO Charles Liang's assurances, SMCI saw a sizable 7.18% drop in pre-market trading.
• The stock has displayed volatility despite strong long-term performance, boasting a market capitalization of $23.90 billion.
• Analysts suggest that the recent decline could be linked to worries over the company's accounting challenges and general market sentiment.
• SMCI's positive momentum, sparked by favorable updates on its accounting concerns, may have reversed due to profit-taking or broader market factors.

11.11.2024 - SMCI Stock was down 7.2%

• Despite assurances from CEO Charles Liang, SMCI stock experienced a 7.18% drop in pre-market trading, pointing to investor concerns.
• The uncertainty around SMCI's inclusion in the Nasdaq 100 Index likely contributed to the negative market sentiment.
• While SMCI has shown strong historical performance with an annualized return of 27.15% over 15 years, the recent volatility in the tech industry is apparent in its stock movement.
• Investors are closely watching SMCI's performance and its potential position in the Nasdaq 100 Index for future implications, as indicated by the market reaction to the company's recent trajectory.

12.11.2024 - SMCI Stock was up 5.4%

• Despite maintaining an 'Underweight' rating on SMCI with a reaffirmed $23 price target, the stock saw a bullish movement, indicating potential investor optimism beyond analyst predictions.
• The uncertainty surrounding SMCI's position on the Nasdaq 100 Index may have initially caused some volatility in the stock, but the bullish movement suggests that investors may be optimistic about the company's future prospects.
• The drop in pre-market trading, despite CEO Charles Liang's reassurances against delisting, could have been a temporary market reaction, with investors ultimately showing confidence in the company's stability.
• SMCI's long-term outperformance compared to the market over the past 15 years highlights the company's historical strength and potential for growth, which could have contributed to today's bullish movement.

05.11.2024 - SMCI Stock was up 5.3%

• SMCI stock surged by 25% following the release of findings from an internal investigation, which concluded there was no evidence of misconduct or fraud involving its management or board. This positive news likely boosted investor confidence in the company.
• Unusual options activity on SMCI indicated a bullish stance taken by investors with significant capital, further driving up the stock price.
• The collaboration progress announcement between ZJK Industrial and Nvidia may have also positively impacted sentiment in the tech sector, indirectly benefiting SMCI.
• Overall, the combination of a favorable internal investigation outcome and bullish investor sentiment contributed to the significant bullish movement in SMCI stock today.

10.11.2024 - SMCI Stock was down 8.9%

• SMCI stock had been on a bullish trend recently, doubling in value over the last month due to positive news surrounding its accounting troubles.
• The stock dropped significantly by more than 44% over the past six months, despite its recent surge, which could be attributed to profit-taking or market correction.
• The company's announcement of an extension to file overdue reports by Feb. 25 may have initially boosted investor confidence, but the overall market sentiment today led to a bearish movement in the stock price.
• The internal investigation findings of no misconduct or fraud could have provided some support, but broader market conditions likely overshadowed this positive news, resulting in the bearish movement.

13.11.2024 - SMCI Stock was down 6.7%

• Despite positive developments from an internal investigation and CEO assurances, SMCI stock saw a notable decrease.
• JPMorgan's 'Underweight' rating on SMCI with a low price target could have influenced the bearish market performance.
• Speculation about SMCI's potential delisting from the Nasdaq 100 Index may have added to investor worries and the downward trend.
• The optimism from investors on SMCI options did not seem to counterbalance the negative outlook from analysts and the market, resulting in the stock price decline.

04.11.2024 - SMCI Stock was down 7.8%

• The unusual options activity showing a bullish stance on SMCI might have initially created some positive sentiment, but it did not translate into sustained market confidence.
• The collaboration progress announcement between ZJK Industrial and Nvidia could have diverted investor attention towards other tech companies, leading to a shift away from SMCI.
• Despite being cleared of misconduct allegations, the market movement for SMCI could be influenced by broader market trends or sector-specific factors impacting investor sentiment.
• Ray Dalio's Bridgewater Associates adding SMCI in Q3 could have initially boosted the stock, but the subsequent offloading of stake in AI giant Nvidia and other big tech companies might have triggered a bearish sentiment in the market.

06.11.2024 - SMCI Stock was up 5.1%

• SMCI shares surged by 15% to $43.58 following the release of findings from an internal investigation that cleared the company's management and board of any misconduct or fraud, instilling confidence in investors.
• Unusual bullish options activity on SMCI indicates that investors with significant capital are taking a positive stance on the company, further driving up the stock price.
• The positive sentiment towards SMCI could also be influenced by the collaboration progress between ZJK Industrial and Nvidia, which boosted ZJK stock, potentially creating a ripple effect in the tech sector and benefiting SMCI as well.

02.11.2024 - SMCI Stock was up 14.8%

• SMCI stock surged over 20% after a special committee found no evidence of misconduct, providing relief to investors and boosting confidence in the company's integrity.
• The positive sentiment around SMCI was further supported by the overall bullish trend in leveraged ETFs last week, indicating a broader market optimism.
• Despite some bearish activity in the options market, the bullish movement in SMCI suggests that investors are focusing more on the positive news of the special committee's findings rather than the bearish sentiment in options trading.
• Overall, the market movement of SMCI today reflects a strong rebound driven by the resolution of misconduct allegations and positive market sentiment towards the company's future prospects.

02.11.2024 - SMCI Stock was up 12.2%

• The special committee's conclusion of no misconduct at SMCI resulted in the stock price surging over 20%.
• Semiconductor stocks, including SMCI, are expected to rally as supply concerns are resolved, and the technical and valuation environment remains positive.
• Despite some bearish sentiment in the options market, positive news and market sentiment surrounding SMCI have driven the stock price up.
• The uptick in SMCI's stock price is part of a larger trend of leveraged ETFs surging last week, reflecting increased investor confidence in the tech sector.