Mizuho suspends rating on Supermicro on lack of financials
The Fly

Mizuho suspends rating on Supermicro on lack of financials

Mizuho suspended the firm’s rating and price target on Supermicro (SMCI) citing the lack of full financial details and audited statements. While Supermicro is growing its sales 100% year-over-year as an artificial intelligence leader positioned to ramp on Nvidia’s (NVDA) Blackwell, there are near-term there are uncertainties with November 16 Nasdaq approval and audited annual filing, the analyst tells investors in a research note.

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