Supermicro Announces Participation in Upcoming Investor Event

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Super Micro Computer (SMCI) shares tumble on Spruce Point short report

January 10, 2023 11:26 AM EST

Super Micro Computer (NASDAQ: SMCI) shares tumbled more than 9% Tuesday after Spruce Point Capital released a report on the stock, issuing a "Strong Sell" opinion, saying it sees a 40% to 50% downside risk.

Short-selling investment research firm Spruce Point said it has "grave concerns"... More