Reported 1 day ago
Super Micro Computer (NASDAQ: SMCI) experienced a significant stock upswing early in the year due to strong demand in the AI equipment market, but faced a downturn after delaying its 10-K report and losing its auditor, raising delisting concerns. Recently, the company hired a new auditor and submitted a compliance plan to the Nasdaq, potentially averting a major risk of delisting. While the stock appears undervalued at around 8x forward earnings, the lack of audited financials makes it a risky investment at present, warranting caution from investors.
Source: YAHOO