Reported 21 days ago
Supermicro's stock has declined again following the resignation of its auditor, Ernst and Young, due to concerns over its financial statements. The company has faced multiple allegations of accounting manipulation, leading to a 9% drop in stock value year to date. While Supermicro has advantages in the growing AI infrastructure market, potential investors must weigh the risks associated with its troubled financial history against opportunities for growth, with cautious investors likely opting to avoid the stock.
Source: YAHOO