Reported 26 days ago
Super Micro Computer's shares dropped 15% to $28 following the resignation of auditor Ernst & Young, raising concerns of a second Nasdaq delisting in five years. The company is under scrutiny for its internal financial controls and governance practices, particularly after a critical report from Hindenburg Research. Super Micro has until November 16 to propose a compliance plan to Nasdaq, despite reporting a 13% increase in stock value compared to last year.
Source: YAHOO