Super Micro Computer (SMCI) is just one day away from the deadline to file its delayed 10-K Annual Report and 10-Q Quarterly Report.

Supermicro's stock price closed down about 8% on the 24th, local time in the United States. With the deadline for the delayed report submission approaching, concerns about the direction of the submission as well as the recent rapid rise in the stock price are interpreted as further downward pressure.

Currently, Supermicro's price-to-earnings ratio (PER) is set at approximately 25, which is higher than its competitors Dell's PER of 20 times and HPE's PER of 10 times. This figure reflects Supermicro's 2024 earnings per share (EPS) of $2.

The EPS for fiscal quarter 2025 is expected to be $2.60, with experts estimating the average estimate due to downward revisions to guidance. Reflecting this future value, the current stock price of $51 is estimated to have a PER of 19 times.

However, it is interpreted that the current high stock price and volatility are based on expectations and concerns about the filing of 10-K and 10-Q reports. “We are working toward submitting the report and are confident that we will be able to do so by the February 25 deadline,” Supermicro CEO Charles Liang said during the company’s Q2 2025 earnings conference call.

With the deadline for filing with the U.S. Securities and Exchange Commission (SEC) approaching on the 25th, investors are on edge as to whether the deadline will be met.

Some predict that the AI oversupply, as well as Nvidia's earnings announcement scheduled for the 26th, will have a significant impact on the stock prices of Supermicro and AI Tech.

Recently, the US investment bank TD Cowen released an investor note stating that Microsoft (MS) has terminated leases for at least two data centers and that OpenAI may have moved its AI model training to Oracle to break away from its dependence on MS data centers, which has led to a decline in the stock prices of major AI-related stocks including MS, Nvidia, and Broadcom.

MS immediately refuted the controversy by announcing, "There will be no withdrawal of investment plans for this fiscal year."

In addition, AI leader Nvidia is scheduled to announce its fourth quarter fiscal year 2025 earnings on the 26th (local time). Whether Nvidia's earnings and guidance meet market expectations is expected to have a significant impact on the stock prices of AI, semiconductors, and big tech companies.

According to Investing.com, the current analyst outlook for Supermicro is divided into 3 buys, 6 holds, and 2 sells, and the average target price of experts is $47.88, with a range of a high of $93 and a low of $15. On the 24th, Goldman Sachs announced that it had raised its target price for Supermicro from $32 to $36 and maintained its neutral rating.

Even if the delayed accounting report submission on the 25th removes the risk of delisting, it seems necessary to continuously monitor whether the AI industry and big tech companies will continue to invest, and concerns about oversupply.

(This article does not constitute investment advice for the company in question, and investors are responsible for their investment decisions and results.)