Super Micro Computer, Inc. (SMCI) experienced a dramatic 2024, marked by meteoric stock gains, steep declines, and a resilient recovery. Here’s a summary of the year’s major turning points and the news that drove them:

Early 2024: A Promising StartJanuary 2024: A Strong Start

• Start of Month: $28
• End of Month: $40.12 (+43.0%)
• Key Event:
  • January 19: Stock surged 32% after preliminary quarterly results exceeded expectations, driven by strong AI server demand.

February 2024: Accelerated Growth

• Start of Month: $40.12
• End of Month: $86.61 (+116.0%)
• Key Event:
  • Continued optimism for SMCI’s financial performance and AI solutions fueled a sharp rise.

March 2024: Record Highs

• Start of Month: $86.61
• End of Month: $114.00 (+31.6%)
• Key Events:
  • March 4: Stock surged 14% after its inclusion in the S&P 500 was announced.
  • March 8: Reached an intraday high of $122.90.

April 2024: Volatility Begins

• Start of Month: $114.00
• End of Month: $71.36 (-37.4%)
• Key Event:
  • April 19: Stock dropped 17% as investors reacted negatively to the absence of a preannouncement of strong earnings.

May 2024: Recovery Begins

• Start of Month: $71.36
• End of Month: $95.24 (+33.5%)
• Key Event:
  • Positive earnings drove a significant recovery in investor sentiment.

June 2024: Stabilization

• Start of Month: $95.24
• End of Month: $92.00 (-3.4%)
• Key Event:
  • Strong financial performance helped maintain stability despite minor fluctuations.

July 2024: Recognition and Steady Performance

• Start of Month: $92.00
• End of Month: $87.70 (-4.7%)
• Key Event:
  • July 16: SMCI joined the Nasdaq-100 Index, boosting its profile in the AI sector.

August 2024: Growth and Controversy

• Start of Month: $87.70
• End of Month: $71.00 (-19.1%)
• Key Events:
  • August 17: Revenue guidance projected doubling sales in Fiscal 2025.
  • August 29: Hindenburg Research alleged accounting irregularities, driving the decline.

September 2024: Investor Confidence Erodes

• Start of Month: $71.00
• End of Month: $49.12 (-30.8%)
• Key Event:
  • Delayed 10-K filings and accounting scrutiny led to declining investor trust.

October 2024: Major Setbacks

• Start of Month: $49.12
• End of Month: $33.07 (-32.7%)
• Key Events:
  • October 17: Hindenburg Research escalated concerns with accounting red flags.
  • October 30: Ernst & Young resigned as SMCI’s auditor, citing governance issues.

November 2024: Recovery in Progress

• Start of Month: $33.07
• End of Month: $35.12 (+6.2%)
• Key Events:
  • November 20: Stock surged nearly 40% after appointing a new auditor and submitting a compliance plan.
  • November 25: Shares rose 15% following the hiring of BDO as its new auditor.

December 2024: Resilience Takes Hold

• Start of Month: $35.12
• Dec 6 close: $47.85 (+19.6%) After hours
• Key Events:
  • December 2: Stock climbed 30% to $35 on renewed optimism.
  • December 3: Surged 29% to $42 after an investigation cleared management of fraud or misconduct.
  • December 6: Gained 9% after-hours as Nasdaq extended the deadline for overdue filings.

Summary

SMCI experienced dramatic monthly price changes in 2024, with periods of rapid growth (+116% in February) followed by steep declines (-37% in April, -32% in October) due to governance concerns. The company’s resilience became evident in November and December, as recovery efforts led to a strong year-end performance (+19.6% in December).stabilization in 2025.