Reported 15 days ago
Super Micro Computer's shares have fallen again following a disappointing fiscal Q1 update revealing expected sales well below earlier projections. Despite revenue nearly tripling year-over-year, adjusted earnings per share forecasts have been lowered. The company faces risks due to ongoing accounting issues, including a recent auditor resignation and potential delisting from Nasdaq. While benefiting from AI infrastructure demand, uncertainty surrounding its operations raises concerns for investors.
Source: YAHOO