Reported 24 days ago
Super Micro Computer's stock fell by 10.5% for the third consecutive day, resulting in a total decline of 47% over three days, due to the resignation of its auditor, Ernst & Young (EY). The resignation followed a delay in the company's 10-K report and a short-seller attack. Disagreements between Super Micro and EY over financial reporting and internal controls were cited as reasons for the resignation, raising concerns about the company's financial health and leading to speculation about future stock performance.
Source: YAHOO