Reported 20 days ago
Super Micro Computer Inc., which experienced a significant surge at the start of the year on the wave of AI demand, now faces potential delisting from Nasdaq and removal from the S&P 500 after a tumultuous eight months. Following the resignation of its auditor Ernst & Young due to ethical concerns, the company's stock has plummeted over 75%, and analysts fear it may struggle to meet compliance obligations. As it stands, Super Micro must submit a plan by mid-November to avoid delisting, but challenges arise without clear auditing support.
Source: YAHOO