Stock splits tend to generate a lot of buzz among investors, and Supermicro is no different. Furthermore, the company's robust performance over the past couple of years has fueled an eye-popping surge in the share price, as the stock has gained 433% since early last year (as of this writing).

SMCI’s 30% stock drop, due to a short-seller report, creates potential opportunities for competitors like Dell and HPE to step in and grab market share.

Super Micro Computer (NASDAQ: SMCI) investors have been on a roller-coaster ride in 2024. The stock entered the year at $280, then it quickly peaked at nearly $1,200 in March. Since then, it's been a near-straight fall down, and the stock currently sits around $440.

Following a terrific start to the year, Super Micro Computer 's ( SMCI 4.59%) stock chart has undergone a stark reversal over the past six months. It has lost close to 60% of its value from its peak, and recent developments seem to have further dented investor confidence in the company.