Super Micro Computer (NASDAQ: SMCI) started the year off with a bang. The stock soared 188% in the first half, even surpassing the performance of market darling Nvidia, and was invited to join both the S&P 500 and the Nasdaq-100.

Super Micro Computer’s once-highflying stock is set to split next week after taking a beating over regulatory concerns and disappointing financial results. Super Micro said on Aug. 6 that its board of directors had authorized a 10-for-1 split of its common stock,

SMCI stock rose nearly eightfold over the past two years—from about $60 per share in September 2022 to levels of about $460 today, led by strong demand for servers.