Super Micro Computer (SMCI) Stock Volatility: What’s Causing the Swings?
Super Micro Computer has been on a rollercoaster ride in 2024, with impressive gains early on before a sharp selloff. After spiking owing to rising AI infrastructure demand, the stock had a massive crisis when Hindenburg Research accused the business of accounting trickery. The upheaval escalated when Ernst & Young, SMCI’s auditor, left, raising worries…