Reported 6 days ago
Super Micro Computer's stock has plummeted 82% after a short-seller report raised allegations of accounting manipulation and the resignation of its auditor, Ernst & Young. The company, once a frontrunner in the AI sector, now faces scrutiny over its financial practices and has delayed SEC filings, risking potential delisting from Nasdaq. Amid these challenges, revenue growth is stagnating and margins are declining, making it uncertain whether investors should consider buying the dip given the doubts surrounding its financial statements.
Source: YAHOO