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
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(END) Dow Jones Newswires
March 04, 2025 05:33 ET (10:33 GMT)
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