Super Micro Faces Investor Woes Amid Stock Decline and Missed NVIDIA Order
Super Micro Computer, Inc. (SMCI) experienced a challenging third quarter, with its stock declining due to falling gross margins, a short-seller report, and a delay in filing its annual report. Despite these setbacks, demand for its AI server racks remains strong, with revenue up over 100%. Columbia Acorn Fund, which holds a small position in SMCI, has been taking profits throughout the year, citing the company's strong performance and depressed stock valuation. The fund's overall return outperformed its benchmark in Q3 2024.