Super Micro shares tumbled after a report that the Department of Justice opened a probe into the company. Super Micro makes computers that companies use as servers for websites, data storage and other applications.

Super Micro Computer's stock price fell sharply after the Wall Street Journal reported the company faces a federal investigation.

SMCI stock rose nearly eightfold over the past two years—from about $60 per share in September 2022 to levels of about $460 today, led by strong demand for servers

Super Micro Computer Inc. fell the most in a month on a report that the US Justice Department is looking into an ex-employee’s claims that the server maker violated accounting rules just a few years after settling a bookkeeping case with a top financial regulator.

Super Micro Computer is having a wild week, with SMCI shares dropping on news of a reported DOJ probe just as its stock split date nears.

Super Micro shares begin trading Tuesday on a split-adjusted basis. The stock’s drop between the announcement date and effective date could be the steepest in more than two years.

On Sept. 25, a group of 16 analysts had an average one-year price target on Supermicro stock of $729.19. That represents around 60% upside from the stock's closing price on Sept. 25, which was a day before a Wall Street Journa l article helped fuel a 12% drop.

The U.S. Department of Justice is investigating Super Micro Computer , the Wall Street Journal reported on Thursday, nearly a month after short-seller Hindenburg Research alleged "accounting manipulation" at the AI server maker.

Super Micro Computer’s once-highflying stock is set to split next week after taking a beating over regulatory concerns and disappointing financial results. Super Micro said on Aug. 6 that its board of directors had authorized a 10-for-1 split of its common stock,

Stock splits have been a major part of market activity this year, with high-profile names like Nvidia and Walmart launching such operations. And, as you can see from my examples,