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Super Micro Computer has had a turbulent year, with shares soaring nearly 320% early in 2024 before plummeting 85% from March to November. The decline followed financial impropriety allegations from Hindenburg Research, delayed SEC filings, and news that the Department of Justice is investigating the company. SMCI recently appointed BDO USA as its new auditor, sparking a recovery in investor confidence. JR Research, a top-ranked TipRanks investor, sees potential in SMCI's partnerships and Nvidia’s Blackwell AI chips ramping up in 2025. However, Wall Street’s consensus remains cautious, with a Neutral rating.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Super microcomputer has experienced a turbulent year with shares soaring nearly 320%
00:08early in 2024 before plummeting 85% from March to November.
00:13The decline followed financial impropriety allegations from Hindenburg Research,
00:17delayed SEC filings and news that Department of Justice is investigating the company.
00:22SMCI recently appointed BDO USA as its new auditor,
00:27sparking a recovery in investor confidence.
00:30Junior Research, a top-ranked, tip-ranked investor,
00:32sees potential in SMCI's partnership with NVIDIA's Blackwell AI chip ramping up in 2025.

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