Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

Abigail Elorm Mensah, CEO of MASLOC, advocates for inclusive digital finance at the 2025 Fintech for Inclusion Africa Summit.

October 31, 2025

JEX AI Introduces a Web3 Financial Services Platform Powered by Artificial Intelligence

October 31, 2025

Fintech Startup Secures $11.3 Million in Funding from Flourish Ventures, Peak XV’s Surge, and Additional Investors

October 31, 2025

Payment Infrastructure Market in the Maritime Sector within FinTech

October 31, 2025
Facebook X (Twitter) Instagram
Trending
  • Abigail Elorm Mensah, CEO of MASLOC, advocates for inclusive digital finance at the 2025 Fintech for Inclusion Africa Summit.
  • JEX AI Introduces a Web3 Financial Services Platform Powered by Artificial Intelligence
  • Fintech Startup Secures $11.3 Million in Funding from Flourish Ventures, Peak XV’s Surge, and Additional Investors
  • Payment Infrastructure Market in the Maritime Sector within FinTech
  • Five emerging fintech leaders spotlighted at Money20/20 USA
  • Seven Banking and Fintech Trends Shaping 2026
  • C.H. Robinson’s AI Approach Enhances Financial Planning for 2026
  • Propel Launches $10 Million Fund to Support Food Stamp Recipients Affected by Government Shutdown
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    Abigail Elorm Mensah, CEO of MASLOC, advocates for inclusive digital finance at the 2025 Fintech for Inclusion Africa Summit.

    October 31, 2025

    The Fintechs Dominating LinkedIn’s Top Startups 2025 List in London

    October 29, 2025

    OpenAI Hires 100 Former Investment Bankers to Train AI in Financial Modeling

    October 21, 2025

    B2B fintech Yaspa leverages its new regional brand to enter the U.S. market.

    October 16, 2025

    Fintech Employment Boom Stimulates Financial Job Market in London

    October 15, 2025
  • AI

    JEX AI Introduces a Web3 Financial Services Platform Powered by Artificial Intelligence

    October 31, 2025

    C.H. Robinson’s AI Approach Enhances Financial Planning for 2026

    October 31, 2025

    Evaluating the Trustworthiness of ChatGPT’s Investment Recommendations in Personal Finance

    October 30, 2025

    Snowflake Introduces Cortex AI for Financial Services: Scalable Business-Oriented AI Solutions

    October 30, 2025

    Meta experiences varied financial outcomes during a surge in AI hiring and expenditures.

    October 30, 2025
  • Acquisitions

    Amazon concludes its acquisition of the Indian lender Axio, expanding its fintech efforts.

    September 11, 2025

    The incident involving the Kaustubh Kulkarni movement in Moomoo

    September 3, 2025

    Overview of Acquisitions for US Fintech Companies from the Clifford Chance Guide

    September 2, 2025

    Dentons guides PEAC Solutions in acquiring Fintech Topi

    August 29, 2025

    Truckstop.com purchases the denim division of the transport finish company

    August 24, 2025
  • Trends

    Payment Infrastructure Market in the Maritime Sector within FinTech

    October 31, 2025

    Seven Banking and Fintech Trends Shaping 2026

    October 31, 2025

    Overview of the Singapore Fintech Market Size by 2025: Shares, Trends, and Growth Prospects

    October 22, 2025

    Vietnam Fintech Market Overview: Trends, Growth Potential, and Future Directions

    October 8, 2025

    Industry size projected to reach 550.9 billion USD

    October 3, 2025
  • Insights

    Propel Launches $10 Million Fund to Support Food Stamp Recipients Affected by Government Shutdown

    October 30, 2025

    The Fintechs Dominating LinkedIn’s Top Startups 2025 List in London

    October 29, 2025

    Bizcap purchases a financial technology firm based in the U.S.

    October 24, 2025

    Issues Facing PB Fintech: A Look at Stock Market Predictions

    October 22, 2025

    The upcoming frontier in managing personal wealth

    October 17, 2025
  • Rumors

    Forge Global has begun talks regarding a possible sale.

    October 28, 2025

    Is Coinbase exploring a BVNK acquisition to enhance its stablecoin growth?

    October 14, 2025

    Japanese Digital Finance Firm Experiences Rapid Expansion

    October 11, 2025

    American regulators dismiss rumors of a dry CFTC merger, aiming to eliminate fear, uncertainty, and doubt in the cryptocurrency space.

    October 5, 2025

    Insights on OKX Communication Strategies for the Future of BTC Futures

    October 3, 2025
  • Startups

    Fintech Startup Secures $11.3 Million in Funding from Flourish Ventures, Peak XV’s Surge, and Additional Investors

    October 31, 2025

    Five emerging fintech leaders spotlighted at Money20/20 USA

    October 31, 2025

    Fintech Startup Jupiter Secures $15M Funding at a Steady $600M Valuation, According to Reports

    October 30, 2025

    Vijya Fintech secures Rs 12 crore in seed funding round from MIDASX parent company

    October 30, 2025

    Competitive Advantage of Small Fintech Startups in Asia within the Crypto Sector

    October 30, 2025
  • finjobsly
fintechbits
Home » One of the biggest AI stocks of the year downgraded by JPMorgan
AI in Finance

One of the biggest AI stocks of the year downgraded by JPMorgan

3 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
B5a30870 9a17 11ee B777 F8340e7e9f83.jpeg
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

These have been terrible weeks for Super Micro Computer (SMCI) action.

Shares of the data center server maker, seen as one of the biggest beneficiaries of the AI ​​craze this year, have fallen more than 30% since delay in its annual report in late August, shortly after short seller Hindenburg Research accused AI, champion of accounting manipulation.

The stock fell more than 6% on Friday amid a broader selloff in technology stocks. JPMorgan analysts downgraded Super Micro from Overweight to Neutral and cut its price target by nearly half to $500.

“Given our expectations of a near-term impact on the stock due to uncertainty, we prefer to recommend that new investors stay away until the company is back in compliance,” wrote JPMorgan’s Samik Chatterjee and his team.

Analysts said the downgrade was not due to reduced confidence in the company’s ability to return to compliance with regulators by publishing its annual financial report, nor to the contents of the Hindenburg report.

In addition to the filing, JPMorgan analysts expect “a response from Super Micro to ensure customers do not divert their orders, which could involve aggressive pricing, in our view, and a competitive response from its peers.”

Analysts at Barclays and CFRA have also downgraded the stock in recent days after the San Jose, Calif.-based company, said It needed more time to file its annual report for its financial year ending June 30.

“Additional time is required for SMCI management to complete its assessment of the design and operating effectiveness of its internal controls over financial reporting as of June 30, 2024,” the company said. said in a statement August 28.

PARAGUAY - JUL 25, 2024: In this illustration photo, the Super Micro Computer, Inc. logo is seen displayed on a smartphone screen. (Photo illustration by Jaque Silva/SOPA Images/LightRocket via Getty Images)PARAGUAY - JUL 25, 2024: In this illustration photo, the Super Micro Computer, Inc. logo is seen displayed on a smartphone screen. (Photo illustration by Jaque Silva/SOPA Images/LightRocket via Getty Images)

The Super Micro Computer logo is displayed on a smartphone screen. (Jaque Silva/SOPA Images/LightRocket via Getty Images) (SOPA images via Getty Images)

The announcement came a day after Hindenburg Research claimed, among other things“accounting manipulation” at the highest level of artificial intelligence.

The short seller claimed that despite a $17.5 million settlement in August 2020 with the SEC following an investigation into “widespread accounting violations,” Super Micro’s business practices failed to improve and senior executives who left amid the scandal were subsequently rehired.

“Overall, we believe that Super Micro is a serial offender,” the report reads.

Shares of Super Micro rose from below $300 in early January to a peak of nearly $1,200 in March, when the stock was added to the S&P 500 (^GSPC).

The ticker too joined the Nasdaq 100 index (^NDX) in July.

Shares were trading just below the $400 level on Friday. Despite the sharp decline, Super Micro is still up about 35% year-to-date.

The company recently announced a 10-for-1 stock split, effective October 1.

Ines Ferre is a senior economics journalist for Yahoo Finance. Follow her on X at @ines_ferre.

Click here for the latest stock market news and in-depth analysis, including stock-moving events

Read the latest financial and business news from Yahoo Finance

StockStory aims to help individual investors beat the market.StockStory aims to help individual investors beat the market.

StockStory aims to help individual investors beat the market.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

JEX AI Introduces a Web3 Financial Services Platform Powered by Artificial Intelligence

October 31, 2025

C.H. Robinson’s AI Approach Enhances Financial Planning for 2026

October 31, 2025

Evaluating the Trustworthiness of ChatGPT’s Investment Recommendations in Personal Finance

October 30, 2025
Leave A Reply Cancel Reply

Latest news

Abigail Elorm Mensah, CEO of MASLOC, advocates for inclusive digital finance at the 2025 Fintech for Inclusion Africa Summit.

October 31, 2025

JEX AI Introduces a Web3 Financial Services Platform Powered by Artificial Intelligence

October 31, 2025

Fintech Startup Secures $11.3 Million in Funding from Flourish Ventures, Peak XV’s Surge, and Additional Investors

October 31, 2025
News
  • AI in Finance (1,782)
  • Breaking News (178)
  • Corporate Acquisitions (71)
  • Industry Trends (210)
  • Jobs Market News (313)
  • Market Insights (222)
  • Market Rumors (282)
  • Regulatory Updates (177)
  • Startup News (1,159)
  • Technology Innovations (182)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,782)
  • Breaking News (178)
  • Corporate Acquisitions (71)
  • Industry Trends (210)
  • Jobs Market News (313)
  • Market Insights (222)
  • Market Rumors (282)
  • Regulatory Updates (177)
  • Startup News (1,159)
  • Technology Innovations (182)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2025 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.