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 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 ...

As an aside, SNAP jumped post earnings yesterday - see “ Should You Buy, Sell, Or Hold SNAP Stock At $12? In our recent analyses, we argued for a range of outcomes. On one hand, there is potential for the stock to rise over 2x to $1,

Shares of Super Micro Computer (NASDAQ: SMCI), 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.

Over the last month, Dell and Super Micro have been sparring in the headlines with new product releases. Just two weeks ago, Dell announced new innovations to its Dell AI Factory. The updates from the company address the ongoing needs to power high-density computing and AI workloads.

On Tuesday, Super Micro said its independent “Special Committee” formed by the board of directors and led by independent counsel found “no evidence of fraud or misconduct on

Key Takeaways Super Micro Computer reports earnings after the bell Tuesday, with its stock nearly 80% below its highest point in March.The few analysts covering the stock mostly have a cautious view of its outlook,