Like a frog in a pot of boiling water, things keep getting more uncomfortable for Super Micro Computer (SMCI -9.10%) as times goes on.Supermicro's growing accounting debacle began in late August as the target of a short report from Hindenburg Research. Just a day later, the company delayed its 10-K filing. In September, the Department of Justice launched an investigation into the company over accounting issues, according to The Wall Street Journal, and last month, Ernst & Young resigned as the company's aud ...

The company faces a critical deadline on Nov. 16.In today's video, I will be talking about recent updates regarding Super Micro Computer (SMCI -13.38%). Watch the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Nov. 13, 2024. The video was published on Nov. 13, 2024. ...

Could Super Micro Computer lose customers because of all its current problems?In today's video, I discuss recent updates affecting Super Micro Computer (SMCI -6.31%). To learn more, check out the short video, consider subscribing, and click the special offer link below.*Stock prices used were the market prices of Nov. 12, 2024. The video was published on Nov. 12, 2024. ...

Key TakeawaysSuper Micro Computer shares continued sliding in extended trading after leading Nasdaq decliners on Wednesday following news that the embattled server maker would delay the filing of its quarterly results. The stock's sell-off has continued after breaking down below a descending broadening wedge pattern late last month on above-average volume.Investors should watch important support levels on Super Micro's chart around $17 and $12, while keeping an eye on key resistance levels near $23 and $30. ...

Missed deadlines are piling up for Super Micro Computer, and things keep getting worse for shareholders.Super Micro Computer (SMCI -6.31%) stock fell in Wednesday's trading after the company said that it would not be able to file its quarterly 10-Q report on time. The company's share price closed out the daily session down 6.3%.Supermicro submitted a filing to the Securities and Exchange Commission (SEC) today stating that it would not be able to meet the deadline for its 10-Q report without unreasonable ef ...

Key TakeawaysShares of Super Micro Computer extended their 2024 swoon on Wednesday, with the stock dropping after the company said it would not submit its fiscal first-quarter results in a timely manner.Supermicro said last month that it could not predict when it would file its annual report for 2024. The company risks being delisted from the Nasdaq.Supermicro's shares are down more than 25% this year and well off 2024 highs. Shares of Super Micro Computer (SMCI) extended their 2024 swoon on Wednesday, wit ...

The most publicized and notable stock market meltdown of 2024, at least thus far, has been the tale of Super Micro Computer Inc (NASDAQ: SMCI). The semiconductor company, which had at one point rallied by as much as 316% in 2024 has been on a steady yet steep decline.At this point in time, however, Supermicro could be facing an existential threat — after a damning report from noted short-selling activist group Hindenburg Research, the company has consistently delayed the filing of important documents with t ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

POLAND - 2024/11/06: In this photo illustration, a SuperMicro logo is displayed on a smartphone with ... [+] stock market percentages in the background. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesSuper Micro Computer stock (NASDAQ: SMCI) fell by about 6% in Tuesday’s trading and remains down 54% over the past month amid significant corporate governance concerns and questions about the company’s financial reporting. Hindenburg Research ...

Super Micro Computer (NASDAQ: SMCI ) is still dropping, and is five times cheaper than its March 2024 peak. The company is still generating exponential revenue growth and increasing EPS. However, the stock price suggests that concerns about SMCI's accounting inaccuracy overshadowComing from an IT background, I have dived into the U.S. stock market seven years ago by managing portfolio of my family. Starting managing real money has been challenging for the first time, but long hours of mastering fundamental ...