Super Micro still can’t say when it will file annual report, and its stock drops
Super Micro Computer Inc. expects to post sales shy of investors’ expectations and is still unsure when it will file its latest annual report, according to a Tuesday statement. The server maker has been under a cloud in recent months due to scrutiny over its accounting,
Super Micro Computer Price Levels to Watch as Stock Plunges After Business Update
Key Taakeaways Super Micro Computer shares slid in extended trading Tuesday after the troubled server maker provided preliminary results that missed expectations and said it’s unable to predict when it will file its delayed annual report.
Where Will Super Micro Computer Stock Be in 1 Year?
Analysts at Mizuho fear that the lack of an auditor (and possible challenges in getting a new one) could lead to a delisting from the Nasdaq exchange. This could dramatically reduce Supermicro's liquidity by forcing it to trade over the counter, a designation that could make shares harder to access, likely hurting the company's valuation.
Super Micro just reported preliminary Q1 results. Here's why the stock is tanking.
Super Micro Computer (SMCI) shares were active in late trading on Tuesday after the embattled artificial intelligence server maker reported fiscal first-quarter results. Read for more.
Why Super Micro Computer Stock Is Plunging After Its Business Update Tuesday
Super Micro Computer shares plunged in extended trading Tuesday after the company said it's unable to predict when it will file its delayed annual report for 2024, exacerbating delisting worries. The server maker also reported preliminary revenue figures ...
Super Micro stock plunges 17% on weak guidance, delayed results
Super Micro shares fell 17% after missing revenue estimates, heightening Nasdaq delisting risks amid ongoing audit issues.
Why Super Micro Computer Stock Was Falling Again Today
Shares of Super Micro Computer ( SMCI -10.51%), best known for making artificial intelligence (AI) servers, were sliding for the third straight day today as the fallout from its auditor's resignation continued. The stock closed down 10.5% and is now down 47% over the last three days since it reported the news.
Super Micro's accounting concerns could be bad for the stock, just ask MicroStrategy
With Super Micro Computer stock under a cloud due to accounting problems, take a look at an example of how that derailed MicroStrategy's stock.
Super Micro's 45% plunge this week wipes out stock's gains for the year
Super Micro investors have been fleeing for the exits this week after the company lost its second auditor in less than two years.
SMCI stock price continues to drop: What is happening with Super Micro and EY?
Investors in server maker Super Micro continue to flee after news this week that Ernst & Young has resigned as its auditor.
Super Micro Slips on Sales Outlook That Falls Short of Estimates
Super Micro Computer Inc. gave a sales forecast that fell short of analysts’ estimates while saying it couldn’t predict when it would file official financial statements for its previous fiscal year. The shares dropped about 10% in extended trading.
Super Micro's $50 billion stock collapse underscores risk of AI hype
In March, Super Micro Computer was added to the S&P 500 after an epic run that lifted the stock by more than 2,000% in ...
Super Micro Computer Stock Crashes, Wall Street Concerns Grow
Super Micro's stock plunges after Ernst & Young resigns as auditor, raising concerns about the company's financial stability.
Super Micro Computer could be delisted from the Nasdaq this month amid a steep plunge following auditor's resignation
This isn't the first time Super Micro Computer investors faced delisting risks. In 2018, trading in the stock was suspended ...
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These Stocks Are Moving the Most Today: Palantir, DJT, Boeing, Lattice Semi, Astera Labs, Marqeta, Super Micro, and More
Stock futures rose modestly Tuesday as voters headed to the polls to elect the next U.S. president.These stocks were poised ...
Nvidia Shifts From Super Micro, Aims to Ensure AI Supply Consistency
Despite Super Micro's continuous financial difficulties, Nvidia is trying to maintain a consistent supply chain for the AI ...