Reported 15 days ago
Super Micro Computer (NASDAQ: SMCI) faces a severe crisis following accusations of accounting manipulation and the resignation of its auditing firm, Ernst & Young. The company's stock has plummeted over 80% since its peak, as it struggles to submit timely financial reports amid investigations from the Justice Department and potential delisting threats from Nasdaq. Investors remain concerned about the company's transparency and future viability as it aims to stabilize and regain trust in the market.
Source: YAHOO