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Super Micro Computer (SMCI) was delisted and auditors resigned.
Oracle has suspended a contract with Super Micro for Nvidia GB300 NVL72 racks worth up to $1.4 billion.
KEY POINTS
- Super Micro is under investigation for allegedly smuggling Nvidia chips to China, with a co-founder facing prosecution.
- Super Micro's dependency on Nvidia components rose from 31% in 2023 to 64.4% in fiscal 2025.
- Despite strong earnings, Super Micro reported a $941.4 million operating cash outflow in the last six months.
- Analysts maintain a Hold rating, but only 5 out of 19 recommend buying Super Micro stock.
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