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Super Micro Computer plunges 19% after a short-seller raises red flags. #stockmarket
Super Micro Computer plunges 19% after a short-seller raises red flags. #stockmarket
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Aug 282024
Super Micro Computer's stock plunged 19% after delaying its annual report, following a critical short-seller report from Hindenburg Research that accused the company of "accounting manipulation." The stock, which had soared earlier this year, is now down over 60% from its March peak. CFRA analysts downgraded the stock amid concerns over its financial practices, adding to the company's challenges. LevelFields AI had flagged Super Micro as a potential risk, sending early alerts to users about the possible issues. To stay ahead of market events, subscribe to the LevelFields AI newsletter by clicking the link below. #stocks #tech #ai Check out our Newsletter here https://www.levelfields.ai/newsletter