<story><title>Super Micro Computer has gone from an obscure server maker to $60B market cap</title><url>https://www.wsj.com/tech/ai/super-micro-computer-company-profile-d93a41da</url></story><parent_chain><item><author>pavlov</author><text>Super Micro stock was clearly undervalued even on traditional P&amp;#x2F;E metrics as recently as 2022. And I believe the reason for the depressed stock price was Bloomberg’s allegations that China was using Super Micro’s motherboards as Trojan horses for spy chips:&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.datacenterdynamics.com&amp;#x2F;en&amp;#x2F;news&amp;#x2F;years-later-bloomberg-doubles-down-disputed-supermicro-supply-chain-hack-story&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.datacenterdynamics.com&amp;#x2F;en&amp;#x2F;news&amp;#x2F;years-later-bloom...&lt;/a&gt;&lt;p&gt;Bloomberg originally broke this story in 2018, then repeated the allegations in 2021. But AFAIK it was never proven.&lt;p&gt;The Nvidia + Meta connection finally broke the spell and allowed investors to look at SMCI with fresh eyes.</text></item></parent_chain><comment><author>darth_avocado</author><text>The low valuation had less to do with the spying allegations and more to do with a history of accounting frauds. Obviously if you have a proven history of fudging up revenue numbers, investors are less likely to invest in you.&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.sec.gov&amp;#x2F;news&amp;#x2F;press-release&amp;#x2F;2020-190&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.sec.gov&amp;#x2F;news&amp;#x2F;press-release&amp;#x2F;2020-190&lt;/a&gt;</text></comment>
<story><title>Super Micro Computer has gone from an obscure server maker to $60B market cap</title><url>https://www.wsj.com/tech/ai/super-micro-computer-company-profile-d93a41da</url></story><parent_chain><item><author>pavlov</author><text>Super Micro stock was clearly undervalued even on traditional P&amp;#x2F;E metrics as recently as 2022. And I believe the reason for the depressed stock price was Bloomberg’s allegations that China was using Super Micro’s motherboards as Trojan horses for spy chips:&lt;p&gt;&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.datacenterdynamics.com&amp;#x2F;en&amp;#x2F;news&amp;#x2F;years-later-bloomberg-doubles-down-disputed-supermicro-supply-chain-hack-story&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.datacenterdynamics.com&amp;#x2F;en&amp;#x2F;news&amp;#x2F;years-later-bloom...&lt;/a&gt;&lt;p&gt;Bloomberg originally broke this story in 2018, then repeated the allegations in 2021. But AFAIK it was never proven.&lt;p&gt;The Nvidia + Meta connection finally broke the spell and allowed investors to look at SMCI with fresh eyes.</text></item></parent_chain><comment><author>hello_computer</author><text>I think most consumer market &amp;quot;reporting&amp;quot; is poorly-disguised market-manipulation.  Best advice for your portfolio is to tune all of those assholes completely out.</text></comment>