Catenaa, Tuesday, March 31, 2026- Super Micro Computer has its investors looking for exits with the recent self-inflicted wounds by the company, despite soaring sales.
With soaring sales, an enviable list of partners like Nvidia, Super Micro Computer, and its placement at the center of the artificial intelligence boom, but the recent indictment of its Co-Founder Yih-Shyan “Wally” Liaw, on charges of circumventing US export restrictions to China, have investors fleeing the stock in droves.
Liaw has resigned, and Super Micro says it’s cooperating with authorities. The company and its Chief Executive Officer, Charles Liang, were not named as defendants in the case. But it was the latest in a string of troubles for the maker of servers for AI data centers.
Shares of Super Micro were up as much as 5.4% on Tuesday.
Just a year ago, Super Micro was forced to file missing financial reports to avoid being delisted from the Nasdaq Stock Market and maintain its spot in the S&P 500 Index.
That echoed a similar problem in 2019, when the company failed to meet filing deadlines, and Nasdaq delisted the shares. They were relisted in 2020.
Super Micro’s stock price has been highly volatile for some time. The company went public in 2007 and traded in the single digits until 2023, when demand for AI equipment kicked in, and its revenues took off.
The shares hit an all-time high of $118.81 in March 2024, which is around the time that the turbulence started, with relatively frequent double-digit percentage moves in either direction.
Since hitting a near-term peak of $60.71 on July 30, Super Micro’s stock is down about 63%, making it the second-worst performer in the S&P 500 over that span.
At the start of 2026, 10 of the 23 Wall Street analysts tracked by Bloomberg who cover the company had buy ratings, and three had sells. Today, six have buy ratings, and five have sells. The stock has lost about 27% this year and is sitting around $21.
That said, some investors are still sticking with Super Micro, albeit cautiously, because of the company’s position in the AI infrastructure trade and its estimated future sales.
Super Micro is expected to bring in more than $40 billion in revenue in fiscal 2026, an 87% jump from the year before.
The shares are priced at a little more than seven times forward earnings, the lowest since 2024 and well below its 10-year average of 12.
By comparison, the S&P 500 is priced at roughly 19 times earnings, and the technology-heavy Nasdaq 100 Index trades for about 21 times.
