Why Super Micro Computer Stock Was Falling Again Today
The sell-off from its auditor's resignation continued.
"Decimated" SMCI Faces Issues Beyond Accounting
Supermicro's (SMCI) independent auditor backed out of assisting the company with its finances. It's the latest in a series of accounting concerns surrounding Supermicro.
Perplexity AI predicts Nvidia stock price amid SMCI turmoil
As Nvidia (NASDAQ: NVDA) navigates the turbulence caused by Super Micro Computer Inc. (NASDAQ: SMCI)'s recent crisis, Perplexity AI has weighed in with predictions on the chipmaker's stock price. The AI platform analyzed current market conditions, offering both bullish and bearish scenarios for Nvidia's future amid the unfolding SMCI turmoil.
Super Micro's 44% plunge this week wipes out stock's gains for the year
Super Micro's selloff continued on Friday, with the stock dropping another 9%, bringing its losses for the week to 44%. The steepest plunge came on Wednesday, after the company said it had lost its second auditor in less than two years.
Super Micro Computer: Important Thesis Update After Auditor Resignation (Downgrade)
Super Micro Computer, Inc.'s recent loss of Ernst & Young as its auditor has increased risk perception, leading to a major selloff in its stock. Despite the auditor concerns, Super Micro continues to benefit from strong demand for data center infrastructure, especially AI-capable servers, and anticipates meeting its Q1 2025 sales target of $6-7 billion. Although sales are strong, this loss of market confidence has led to a conservative 'Hold' classification ahead of the upcoming earnings report.
Should You Buy Super Micro Computer Stock Before Q1 Earnings?
SMCI's fiscal first-quarter results are expected to reflect strength in its Server & Storage System segment.
Why Is Super Micro Stock Crashing, and Is It a Buying Opportunity?
Super Micro Computer is under tremendous pressure to reassure investors of the accuracy of its financial statements.
Super Micro Computer: Where Does it Go From Here?
The only thing that can be assured about Super Micro Computer's NASDAQ: SMCI share price is that volatility will dominate the market for the foreseeable future. The second resignation of external auditors Ernst & Young in 18 months highlights risks first brought to light by former employee Bob Luong.
Since Joining the S&P 500, Super Micro Computer Is Down 70%. Should You Buy Its Stock Before Nov. 5?
Super Micro Computer stock investors can't seem to catch a break.
How Bad Is This News for Super Micro Computer?
Supermicro stock plummeted 32% in one trading session on this latest news.
Super Micro Computer: EY Gives Up, But Should Investors?
Super Micro Computer has plummeted after news EY resigned. This is a huge red flag and raise even more doubts over SMCI's accounting. The next two weeks will be filled with catalysts that will make or break the stock.
SMCI stock price continues to drop: What is happening with Super Micro and EY?
Shares in Super Micro Computer, Inc. (Nasdaq: SMCI) have had a roller coaster of a year, but yesterday the company's stock price took one of its worst beatings in recent memory. SMCI shares fell over 32% after news that the server company's auditor, Ernst & Young (EY), resigned last week.
