Reported 21 days ago
After Super Micro Computer's accounting firm Ernst & Young resigned due to concerns over the company's financial statements and governance, analysts have significantly adjusted their stock price targets. Needham analysts suspended their rating, while Wedbush cut the price target from $62 to $32, citing worsened investor sentiment and ongoing investigations. Additionally, Nvidia shifted some of its orders from Super Micro to maintain supply chain stability, raising further concerns about the company's future.
Source: YAHOO