10 AI News Investors Probably Missed

6. Super Micro Computer, Inc. (NASDAQ:SMCI)

Number of Hedge Fund Holders: 33

Super Micro Computer, Inc. (NASDAQ:SMCI) designs and manufactures high-performance server and storage solutions, focusing on AI, cloud computing, and 5G markets.

Reuters reported that Super Micro’s (NASDAQ:SMCI) CEO, Charles Liang, expressed confidence that the company’s stock will not be delisted from Nasdaq, despite facing a deadline to file its delayed financial reports by February 25. The company, which saw stock growth due to the AI boom, was affected by an auditing scandal after Ernst & Young raised concerns about governance and internal controls. A special committee found some executive lapses, but no evidence supporting the auditor’s concerns. Despite the CEO’s assurance, Super Micro’s (NASDAQ:SMCI) stock is under pressure and is down around 9.5% in the first 3 hours of trading on December 10.