Reported 10 days ago
Super Micro Computer's stock plummeted 6.3% on November 13, 2024, after the company disclosed it would miss the deadline for its quarterly 10-Q report, attributed mainly to the recent resignation of its auditor, Ernst & Young, following allegations of accounting violations. The company has also failed to file its annual 10-K report, putting it at risk of being delisted from the Nasdaq. Overall, shares have declined by 57.5% over the past month amidst investor concerns about its financial filings and trustworthiness.
Source: YAHOO