Super Micro Computer, Inc. - Common Stock (SMCI)
41.46
-1.49 (-3.47%)
Super Micro Computer is a leading provider of high-performance computing solutions, specializing in the design, development, and manufacturing of advanced server hardware and related software
The company focuses on delivering innovative server architectures and integrated solutions that optimize computing efficiency and maximize return on investment for data centers and enterprise customers. Super Micro offers a wide range of products, including rack-mounted servers, high-density solutions, and storage systems, catering to a variety of industries such as cloud computing, artificial intelligence, and big data analytics. By emphasizing energy efficiency and scalability, Super Micro aims to meet the evolving demands of the technology landscape while supporting customers' objectives for optimized performance and reduced environmental impact.
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Super Micro Computer, Inc. (Nasdaq:SMCI) (“SMCI” or the “Company”), a Total IT Solution Provider for AI, Cloud, Storage and 5G/Edge, today announced that on February 25, 2025 it received a notification letter from Nasdaq indicating that it now complies with Nasdaq Listing Rule 5250(c)(1) which requires timely filing of reports with the U.S. Securities and Exchange Commission and the matter is now closed.
By Super Micro Computer, Inc. · Via Business Wire · February 26, 2025
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Super Micro Computer, Inc. (NASDAQSMCI) (“Supermicro” or the “Company”), a Total IT Solution Provider for AI, Cloud, Storage and 5G/Edge, today filed with the Securities and Exchange Commission (SEC) its Annual Report on Form 10-K for the fiscal year ended June 30, 2024 and its Quarterly Reports on Form 10-Q for the first quarter of fiscal 2025 ended September 30, 2024 and the second quarter of fiscal 2025 ended December 31, 2024.
By Super Micro Computer, Inc. · Via Business Wire · February 25, 2025
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Super Micro Computer, Inc (NASDAQSMCI) (“Supermicro” or the “Company”) today announced the pricing of $700.0 million aggregate principal amount of newly issued 2.25% Convertible Senior Notes due 2028 (the “New Convertible Notes”) pursuant to privately negotiated agreements (the “Subscription”). The Company also announced the amended pricing terms of its existing $1.725 billion aggregate principal amount of Convertible Senior Notes due 2029 (the “Existing Notes”) pursuant to privately negotiated agreements with certain holders of the Existing Notes to amend certain terms of, and obtain waivers with respect to, (together, the “Amendments”) the Existing Notes (as so amended, the “Amended Convertible Notes”). The Amendments are expected to be effective, and the Subscription is expected to close, on or about February 20, 2025, subject to customary closing conditions. The Amendments and the Subscription are cross-conditional. The Company will receive gross proceeds before expenses related to the New Convertible Notes offering of approximately $700 million and intends to use such proceeds for general corporate purposes, including to fund working capital for growth and business expansion.
By Super Micro Computer, Inc. · Via Business Wire · February 12, 2025
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Super Micro Computer, Inc. (NASDAQSMCI) (“Supermicro” or the “Company”) today announced that it has entered into privately negotiated agreements with certain holders of its existing 0.00% Convertible Senior Notes due 2029 (the “Existing Notes”) (i) to purchase (the “Subscription”) $700.0 million aggregate principal amount of newly issued 2.25% Convertible Senior Notes due 2028 (the “New Convertible Notes”) and (ii) to amend certain terms of, and obtain waivers with respect to, (together, the “Amendments”) the Existing Notes (as so amended, the “Amended Convertible Notes”). The Amendments are expected to be effective, and the Subscription is expected to close, on or about February 20, 2025, subject to customary closing conditions. The Amendments and the Subscription are cross-conditional. The Company intends to use the net proceeds from the New Convertible Notes offering for general corporate purposes, including to fund working capital for growth and business expansion.
By Super Micro Computer, Inc. · Via Business Wire · February 11, 2025
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Super Micro Computer, Inc. (Nasdaq: SMCI) (“Supermicro” or the “Company”), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, today announced preliminary financial information for its second quarter of fiscal year 2025 ended December 31, 2024.
By Super Micro Computer, Inc. · Via Business Wire · February 11, 2025
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Super Micro Computer, Inc. (SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, today announced that it will provide a second quarter fiscal 2025 business update on Tuesday, February 11, 2025, at 5:00 p.m. ET / 2:00 p.m. PT.
By Super Micro Computer, Inc. · Via Business Wire · February 3, 2025
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The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of Super Micro Computer, Inc. (“Super Micro” or the “Company”) (NASDAQSMCI) concerning whether the board breached its fiduciary duties to shareholders.
By The Law Offices of Frank R. Cruz · Via Business Wire · January 14, 2025
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EQNX::TICKER_START (NASDAQZENA),NYSE:IONQNYSEIONQ)(NASDAQ:SMCINASDAQSMCI,(NYSE:UAVSNYSE),(NASDAQ:QMCOQMCO) EQNX::TICKER_END
Via FinancialNewsMedia · December 18, 2024
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PALM BEACH, Fla., Dec. 18, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Advancements in quantum hardware and algorithms are making quantum computing increasingly practical. New developments in quantum processors are improving their performance and stability, allowing for more complex calculations. Enhanced quantum algorithms are being designed to solve specific problems more efficiently. These improvements are crucial for integrating quantum computing with AI, as they enable more sophisticated data processing and analysis. As quantum systems become more accessible, their potential applications in AI grow. This integration is expected to lead to breakthroughs in areas such as optimization and predictive modeling. The ongoing progress in both fields is paving the way for innovative solutions and applications. A report from Grand View Research projected that the global quantum AI market was valued at USD 256.0 million in 2023 and is projected to grow at a CAGR of 34.4% from 2024 to 2030. The report said: “The market is growing rapidly, driven by advancements in quantum computing and its potential to solve problems that classical computers struggle with. Quantum computing enhances machine learning algorithms, enabling them to process vast datasets and uncover patterns that were previously unreachable. The combination of AI and quantum technologies is set to transform industries such as finance, healthcare, logistics, and manufacturing by enabling more precise predictions, optimizations, and real-time decision-making capabilities.” Active Tech Companies in the markets today include ZenaTech, Inc. (NASDAQZENA), IonQ NYSE: IONQNYSEIONQ)(NASDAQ: SMCINASDAQSMCI, AgEagle Aerial Systems Inc. (NYSE: UAVSNYSE), Quantum Corporation (NASDAQ: QMCOQMCO).
By FN Media Group LLC · Via GlobeNewswire · December 18, 2024
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Super Micro Computer, Inc. (NASDAQSMCI) (“SMCI” or the “Company”), a Total IT Solution Provider for AI, Cloud, Storage and 5G/Edge, today announced that on December 6, 2024, it received a letter from the Nasdaq Stock Market ("Nasdaq") informing the Company that Nasdaq has granted the Company’s request for an exception to Nasdaq’s Listing Rule 5250(c)(1) through February 25, 2025. The exception gives the Company until February 25, 2025 to file its Annual Report on Form 10-K for the fiscal year ended June 30, 2024, its Quarterly Report on Form 10-Q for the period ended September 30, 2024 and any other required filings. The Company’s common stock will remain listed on the Nasdaq Global Select Market during the exception period. If the Company files all the required reports by February 25, 2025, the common stock will remain listed, so long as the Company remains in compliance with Nasdaq’s listing rules.
By Super Micro Computer, Inc. · Via Business Wire · December 6, 2024
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EQNX::TICKER_START (NASDAQZENA),NASDAQ:QMCONASDAQQMCO)(NASDAQ:SMCINASDAQSMCI,(NASDAQ:RCATNASDAQ),(NYSE:PTSGPTSG) EQNX::TICKER_END
Via FinancialNewsMedia · December 12, 2024
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Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether the leadership of Super Micro Computer, Inc. (“Supermicro”) (NASDAQSMCI) breached their fiduciary duties to Supermicro and its shareholders.
By Scott+Scott Attorneys at Law LLP · Via Business Wire · December 3, 2024
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PALM BEACH, Fla. , Dec. 12, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Most industry insiders believe that Quantum Computing is potentially a better fit for weather forecasting than classical computers. It can perform advanced simulations more efficiently. It can be easily installed at locations around the globe. It can function efficiently when stored at high temperatures. It can store extensive data for better pattern recognition. One source said that Quantum computing is potentially a better fit for weather forecasting than classical computers because it can perform advanced simulations more efficiently, saying that: Quantum computing is a better fit because it has the potential to speedily process vast amounts of weather data and conduct analysis that is too complex for classical computers. The speed of the algorithms can allow the use of real time data to impact the predicting. Despite decades of continuously refining calculating power, directly forecasting the weather is still delicate. Quantum computers made it a bit easy however. The speed of the algorithms in quantum computing can permit the use of real-time data to influence the forecasting, and advanced weather prediction will help all industries, especially transportation, supply chain and logistics, and farming. A report from Astute Analytica added: “The weather forecasting services market is poised for exponential growth, driven by advancements in AI technology, increasing demand for accurate climate data, and expanding applications across agriculture, aviation, and disaster management. Businesses and governments alike are investing heavily, ensuring a robust and lucrative future for this essential industry. The global weather forecasting services market is projected to attain a valuation of US$ 11.6 billion by 2032 up from US$ 4.0 billion in 2023 at a CAGR of 12.6% during the forecast period, 2024–2032.” Active Companies in the markets today include ZenaTech, Inc. (NASDAQZENA), Quantum Corporation NASDAQ: QMCONASDAQQMCO)(NASDAQ: SMCINASDAQSMCI, Red Cat Holdings, Inc. (NASDAQ: RCATNASDAQ), Pure Storage (NYSE: PSTGPSTG).
By FN Media Group LLC · Via GlobeNewswire · December 12, 2024
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Super Micro Computer, Inc. (Nasdaq: SMCI) (the “Company”), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, today announced that the independent Special Committee formed by the Company’s Board of Directors has completed its review (the “Review”). As announced on August 30, 2024, the Board of Directors formed this committee in response to information that was brought to the attention of its Audit Committee.
By Super Micro Computer, Inc. · Via Business Wire · December 2, 2024
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As previously announced, Super Micro Computer, Inc. (Nasdaq:SMCI) (“SMCI” or the “Company”), a Total IT Solution Provider for AI, Cloud, Storage and 5G/Edge, submitted a compliance plan to Nasdaq on November 18, 2024 with respect to supporting its request for an extension of time to regain compliance with the Nasdaq continued listing requirements. In the compliance plan, the Company indicated that it believes it will be able to file both its Annual Report on Form 10-K for the fiscal year ended June 30, 2024 (the “2024 Form 10-K”) and its Quarterly Report on Form 10-Q for the period ended September 30, 2024 (the “Q1 2025 Form 10-Q”), and become current with its periodic filings within the discretionary period available to the Nasdaq staff to grant.
By Super Micro Computer, Inc. · Via Business Wire · November 20, 2024
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Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether the leadership of Super Micro Computer, Inc. (“Supermicro”) (NASDAQSMCI) breached their fiduciary duties to Supermicro and its shareholders.
By Scott+Scott Attorneys at Law LLP · Via Business Wire · November 19, 2024
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Super Micro Computer, Inc. (Nasdaq: SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, announced today that the Audit Committee of its Board of Directors has engaged BDO USA, P.C. (“BDO”) as its independent auditor, effective immediately. BDO is a member firm of BDO International, one of the world’s top five accounting firms network with over 115,000 professionals across its global network and a recognized leader in audit and assurance.
By Super Micro Computer, Inc. · Via Business Wire · November 18, 2024
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Super Micro Computer, Inc. (Nasdaq: SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, today provided an update from the independent Special Committee appointed by the Board of Directors and announced preliminary financial information for its first quarter of fiscal year 2025 ended September 30, 2024.
By Super Micro Computer, Inc. · Via Business Wire · November 5, 2024
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NEW YORK, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Super Micro Computer, Inc. (NASDAQSMCI) on behalf of long-term stockholders following a class action complaint that was filed against Super Micro on August 30, 2024 with a Class Period from August 10, 2021 to August 26, 2024. Our investigation concerns whether the board of directors of Super Micro have breached their fiduciary duties to the company.
By Bragar Eagel & Squire · Via GlobeNewswire · October 30, 2024
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Ademi LLP is investigating possible securities fraud claims against Super Micro Computer (Nasdaq: SMCI). The investigation results from inaccurate statements Super Micro Computer may have made regarding its accounting, business operations and prospects.
By Ademi LLP · Via Business Wire · October 30, 2024
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In the first paragraph, date of first quarter fiscal 2025 business update should read: November 5, 2024 (instead of November 5, 2025).
By Super Micro Computer, Inc. · Via Business Wire · October 30, 2024
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LOS ANGELES, Oct. 29, 2024 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Super Micro Computer, Inc. (“Super Micro” or “the Company”) (NASDAQSMCI) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
By Schall Law · Via GlobeNewswire · October 29, 2024
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The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Super Micro Computer, Inc. (“Super Micro” or “the Company”) (NASDAQSMCI) for violations of the securities laws.
By The Schall Law Firm · Via Business Wire · October 29, 2024
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PHILADELPHIA, Oct. 27, 2024 (GLOBE NEWSWIRE) -- Securities fraud lawsuits have been filed against Super Micro Computer, Inc. (“Super Micro” or the “Company”) (NASDAQSMCI). The lawsuits have been filed on behalf of purchasers of Super Micro securities between February 2, 2021 and August 28, 2024, inclusive (the “Class Period”).
By Berger Montague · Via GlobeNewswire · October 27, 2024
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NEW YORK, Oct. 26, 2024 (GLOBE NEWSWIRE) --
By The Rosen Law Firm PA · Via GlobeNewswire · October 26, 2024