Super Micro Hikes on Report Controversy
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Super Micro Computer (NASDAQ:SMCI) announced it would delay its annual report filing due to the need for more time to assess internal financial controls, raising investor concerns. The company, which supplies servers for major AI firms, has seen its stock rise over 47% year-to-date, but faced backlash following Hindenburg Research's short position claim of accounting manipulation. Analysts at JPMorgan found some of Hindenburg's allegations difficult to verify and lacking detail. Following this news, SMCI shares rose 2.7%.
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