Tech Titan Super Micro Computer Announces 10-for-1 Stock Split

Super Micro Computer (SMCI), a renowned server manufacturer, unveiled plans for a 10-for-1 stock split set to take effect after the trading day ends on September 30. The move will result in shareholders receiving an additional nine shares for every share they hold, maintaining their collective stake in the company. The value of these shares, however, will see a decrease to just 10% of their initial value as a consequence of the split. This split means a Super Micro share originally trading at $1,000 apiece will see a divided investor handling 10 shares valued at $100 each subsequent to the split. Despite recent lower performances resulting in the shares losing more than half their worth in the past half-year, the stocks remain up by approximately 65% since the year began. The announcement of this split occurred with Super Micro shares trading at nearly $600, down from an early 2024 peak of almost $1,200 due to a surge in AI infrastructure demand. Other tech giants like Broadcom and Nvidia have also embarked on 10-for-1 stock splits this year, making Super Micro the latest entrant.