Super Micro Computer pops 15% after special committee finds no 'evidence of misconduct'
Super Micro Computer surged more than 15% after a special committee ruled that it found "no evidence of misconduct" at the embattled AI server maker.
Super Micro Computer review finds 'no evidence' of misconduct that led to EY resignation
Super Micro Computer Inc (NASDAQ:SMCI) shares jumped 14% after an investigation supported by external legal counsel and a forensic accounting firm found no evidence of misconduct and that no restatement of reported financials was expected. The company's stock slumped 62% after its previous auditor Ernst & Young resigned in October, citing concerns about governance transparency and internal controls over financial reporting.
SMCI Clear of Misconduct, STLA CEO Resigns, NFLX Price Target Hike
Supermicro (SMCI) says its special committee found no evidence of fraud by the company's management in its completed review. Stellantis (STLA) CEO Carlos Tavares resigned, causing a sell-off after the opening bell.
Super Micro to hire new CFO, says independent review finds no evidence of fraud
Super Micro Computer has begun the search for a new finance chief based on recommendations made by a special committee formed to look into the AI server maker's accounting practices, the company said on Monday.
Wall Street sets SMCI stock price for next 12 months
While Super Micro Computer (NASDAQ: SMCI) has experienced a set of calamities in recent months as a business and on the stock market side, analysts have not turned as bearish on it as might appear sensible.
Super Micro Stock Extends Losses. Delisting Fears Roll Over Into December.
The server maker has been a part of the frenzy around artificial intelligence companies and has had big swings, moving up or down by 10% or more in 10 of November's 19 trading days.
Is Super Micro Computer Stock a Buy?
Everyone likes a comeback story. And after roughly doubling from recent lows, Super Micro Computer (SMCI -6.93%) seems to be shrugging off delisting fears intensified by the surprise resignation of its auditor on Oct. 30.
Thinking of Buying Super Micro Computer Stock? 3 Things You Should Know
Super Micro Computer (SMCI -6.93%), the AI server maker, has taken investors on a wild ride over the last three months.
Super Micro Computer: Bears Run For Cover, As Bulls Pull The Trigger (Technical Analysis)
SMCI saw a meteoric rise from $35 to $120, but failed to sustain gains, dropping to $17 due to technical and external pressures. Bottoming in all probability at the $17 region, in this article we look at what may be next price wise for this equity as the ascent north continues. SMCI's core business in high-performance servers and cloud computing remains strong, with key customers like Nvidia, AMD, and Intel.
Why SMCI stock price is crashing again
During a generally quiet period in the market – Thanksgiving – one deeply troubled stock made an unexpectedly large downward move – Super Micro Computer (NASDAQ: SMCI).
What Is Going On With Super Micro Computer Stock?
In this video, I will cover recent updates regarding Super Micro Computer (SMCI -7.04%). Watch the short video to learn more, consider subscribing, and click the special offer link below.
Super Micro Stock Has Had a Wild November. These Data Tell the Story.
The server maker has become the latest red-hot day trade, with its shares swinging wildly as it battles to avoid being delisted from the Nasdaq.
