Super Micro Stock Drops 20%, Cutting Recent Rally But Still Up Over 200% as Traders Debate Growth Prospects
• Super Micro stock drops 20% on Friday, giving short sellers $1.2 billion in paper profits • Short sellers still down $4.8 billion over last year despite gains from Friday's dip • Short interest increased 12% in past month as traders bet the AI stock's climb will end • Volatile 246% rally in 2023 and 183% surge this year draw comparisons to meme stocks • Super Micro has growth potential but stock may have been overhyped by recent AI wave