Reported 20 days ago
Super Micro Computer's stock has plummeted by 70% in the last six months amid a crisis driven by accounting issues and the resignation of auditor Ernst & Young. Recent allegations of accounting manipulation have raised concerns, leading to a U.S. Justice Department investigation. Despite strong operational performance, with a significant revenue increase, analysts warn that potential delisting from Nasdaq and regulatory scrutiny could harm the stock's recovery prospects.
Source: YAHOO