Reported 1 day ago
Super Micro Computer's stock jumped over 20% after a review concluded that there was no evidence of fraud or misconduct among its leadership, despite concerns raised by Ernst & Young that led to the accounting firm's resignation. The company is looking to appoint new executives, including a chief financial officer, while maintaining confidence in its past financial reports. This comes amid a tumultuous year marked by allegations of accounting manipulation and scrutiny by the Justice Department.
Source: YAHOO