Reported 16 days ago
Super Micro Computer's stock has plummeted by 78% since March due to issues like alleged accounting malpractices and the resignation of its auditor, Ernst & Young. The company is at risk of delisting from Nasdaq due to failure in financial reporting and compliance, yet it reported significant year-on-year sales growth, raising questions about whether its stock might be undervalued. Investors should closely monitor these developments before making any decisions.
Source: YAHOO