Super Micro shares surged to an all-time high above $120 in Q1 2024 due to AI hype, but fell to $17.25 following financial results and investigations.
Despite a significant drop, Super Micro has since rebounded over 80% from recent lows, buoyed by a positive independent committee review easing investor concerns.
The company's actions, including appointing a new auditor and prioritizing updated financials, suggest a potential resolution to past accounting issues that may boost market confidence.
Investors face a binary situation with Super Micro: if fears over accounting integrity are unfounded, stock could rapidly return to its former high.
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