Super Micro Computer has already seen a significant crash in its stock price, dropping over 62%. Hindenburg Research has brought serious allegations against the company, which could mean more downside for the stock if proven true. The delays in filing the fiscal year 2024 annual report exacerbate the concerns surrounding SMCI, making it tough for investors to maintain confidence during this free-fall.
The tech sector stands at a precarious point, with the Nasdaq 100 struggling to recover amid expectations of upcoming tech firm earnings. Should these earnings disappoint, we could see increased volatility as investors brace for potential adverse impacts from rate cuts. The notable volatility within the tech sector places investors in a difficult position as they assess their holdings.
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