Reported 25 days ago
Super Micro Computer, a major player in the AI server market, has faced significant setbacks recently, including a 32% stock drop following the resignation of its auditor, EY, which cited concerns over internal financial controls. This comes amid a troubling short report alleging accounting issues and a probe by the Justice Department. While Supermicro has shown remarkable growth in the AI sector, these developments raise red flags about its management and financial practices, prompting cautious sentiment from investors.
Source: YAHOO