By Adam Clark
Super Micro Computer stock was slipping early Tuesday, as the server maker continues to suffer from an apparent unwinding of the artificial-intelligence trade.
Super Micro shares were down 0.5% at $35.88 in premarket trading. The volatile stock dropped 13% on Monday as markets digested the Trump administration's imposition of levies on imports from Mexico, Canada and China.
Super Micro is down sharply after an initial gain last week when it avoided delisting and met its compliance deadline for submitting financial filings. However, the company still faces various lawsuits and other legal risks.
"There is a DoJ investigation against the company, which in combination [with] other lawsuits has increased the legal risk for the company, which we think may result in future penalty payments, for which the company has neither commented on the likelihood nor quantified the actual penalty," wrote J.P. Morgan analyst Samik Chatterjee in a research note on Monday.
Chatterjee maintained an Underweight rating on Super Micro stock with no price target.
Write to Adam Clark at adam.clark@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
March 04, 2025 05:33 ET (10:33 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。