Hardware producer Super Micro Computer Inc. (NASDAQ:SMCI) has seen its stock plummet 60% since joining the S&P 500. The company’s woes deepened after a recent downgrade from Barclays. Super Micro, which makes servers and motherboards, now faces mounting concerns around margins, internal controls, and competitive positioning in the rapidly growing AI sector. Last month, short-seller Hindenburg Research accused Super Micro of “accounting manipulation,” causing the stock to drop as much as 26%. Since then, it hasn’t recovered much. Super Micro’s market cap went from $35 billion to, at last check …
