Why Super Micro Computer Stock Took Off in August

Shares of AI server leader Super Micro Computer (NASDAQ: SMCI) rallied 31.3% in August, according to data from S&P Global Market Intelligence.Super Micro reported its fiscal fourth-quarter results in August, delivering an earnings beat and an impressive outlook for the year ahead. Furthermore, the company completed its internal investigation into the illegal diversion of certain servers to China, in violation of U.S. export controls.The report cleared senior management of any culpability, as the compliance lapse seems to have been the work of a small number of employees. That report, combined with Super Micro's impressive margins and outlook, appeared to put some lingering worries behind the company's investors.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool