Is SMCI's Big Drop A Warning Sign Or Buying Opportunity? Here's What Professional Traders Say
Is SMCI's Big Drop A Warning Sign Or Buying Opportunity? Here's What Professional Traders Say
Shares of Super Micro Computer (NASDAQ:SMCI) dropped more than 10% Thursday following a report that the Department of Justice is investigating the company for potential accounting violations. The stock, once a high-flyer during the AI market surge, has now plunged over 60% from its peak.
But, shares rebounded Friday, trading up 4.6% to $421.32 a share at the time of publication. Benzinga PreMarket Prep hosts, professional traders Joel Elconin and Dennis Dick, discussed the move on Friday's episode of the show.
超微電腦（納斯達克: SMCI）的股票週四下跌超過10％，因一份報告稱司法部正在調查該公司是否存在潛在的會計違規行爲。這隻股票曾是人工智能市場飆升時的龍頭股，現在已從高峰下跌超過60％。
但週五股價反彈，截至發稿時上漲了4.6％，達到每股421.32美元。Benzinga PreMarket Prep的主持人，職業交易員Joel Elconin和Dennis Dick，在週五的節目中討論了這一變動。
"It bounced where it needed to bounce," Dick said. "You got to $382, you did undercut it at $373, but you quickly got back above that... I think it's an overshoot to be honest... there's a lot of things we don't know, a lot of headline risk, but I think $373 from yesterday is safe."
Elconin called the situation "convoluted," pointing to the uncertainty regarding the accounting situation. The DOJ's probe comes after a Hindenburg Research short report on the company, which also alleged accounting malpractices.
Read Also: Super Micro Computer Stock Falls On Report Of DOJ Probe: What To Know
But, the PreMarket Prep hosts pointed out the market's tendency to overreact to news headlines, which could help explain Friday's bounce. Super Micro Computer's stock had already declined following the release of Hindenburg Research's short report in late August, meaning that some of the negative news could have already been priced in.
Super Micro Computer's decline on Thursday came while other chip stocks rallied following strong quarterly results from Micron Technology (NASDAQ:MU). The iShares Semiconductor ETF (NASDAQ:SOXX), which tracks some of the biggest names in the sector, closed up more than 3.5% Thursday, while SMCI's stock closed down 12%.
"股價反彈到了需要反彈的地方，"Dick說。"你到了382美元，但又迅速回升到了373美元以上...我認爲這實際上是一個超調...有很多我們不知道的事情，很多頭條風險，但我認爲昨天的373美元是安全的。"
Elconin稱這種情況"複雜", 指出會計問題的不確定性。司法部的調查是在Hindenburg Research對該公司發佈了一份賣空報告後進行的，該報告還聲稱存在會計失當行爲。
閱讀更多：Super Micro Computer股票因司法部調查報告而下跌：了解詳情
但PreMarket Prep的主持人指出市場往往會對新聞標題反應過度，這可能有助於解釋週五的反彈。超微電腦股價在八月底Hindenburg Research發佈賣空報告後已經下跌，這意味着一些負面新聞可能已經在股價中體現。
超微電腦在週四下跌，而其他芯片股則因美光科技（納斯達克: MU）公佈強勁季度業績而上漲。追蹤該行業一些最大公司的iShares Semiconductor ETF（納斯達克: SOXX）週四收漲超過3.5％，而SMCI的股票收盤下跌12％。
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Photo: Shutterstock
Photo: shutterstock
譯文內容由第三人軟體翻譯。