Supermicro's financial auditor just resigned, adding to the company's recent turmoil.Super Micro Computer (SMCI -22.31%) has been one of the most volatile stocks in 2024. It started the year with a stunning 300% gain over just three months, but the stock has been declining since March following a series of worrying headlines.The biggest shocks for investors have come in the past few months as Supermicro's accounting practices are called into question. And the latest piece of news was enough for me to comple ...

Uncertainty is what the stock market hates most.In today's video, I will talk about Super Micro Computer's (SMCI -22.82%) preliminary first-quarter earnings report. 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. 5, 2024. The video was published on Nov. 5, 2024. ...

Super Micro Computer Inc (NASDAQ:SMCI) stock is plummeting today, down 23.8% at $21.10 at last glance, after the company's current-quarter earnings and sales forecasts missed Wall Street's estimates. The computer hardware name also posted disappointing fiscal first-quarter results, while also disclosing that it had still not filed a 10-K annual report -- which was previously pushed back in late August --with uncertainty about its filing. This isn't SMCI's first rough day in the last week. The stock fell 32. ...

The downfall of Super Micro Computer (NASDAQ: SMCI) continues to stir market uncertainties. After a series of serious allegations, investors have abandoned ship in droves — but that is not the primary concern on the minds of investors.As a key player in the semiconductor space, and thus, an important player in the burgeoning AI market, SMCI’s goings-on could stand to have an impact on market favorite Nvidia (NASDAQ: NVDA).Supermicro is a significant customer for the chipmaker — and seeing as how it could be ...

I am mostly a trader engaging in both long and short bets intraday and occasionally over the short- to medium term. My historical focus has been mostly on tech stocks but over the past couple of years I have also started broad coverage of the offshore drilling and supply industry as well as the shipping industry in general (tankers, containers, drybulk). In addition, I am having a close eye on the still nascent fuel cell industry.I am located in Germany and have worked quite some time as an auditor for Pric ...

Key TaakeawaysSuper Micro Computer shares slid in extended trading Tuesday after the troubled server maker provided preliminary results that missed expectations and said it’s unable to predict when it will file its delayed annual report. The stock broke down below a falling wedge pattern late last month on the highest weekly volume since late August, suggesting selling conviction behind the move.Investors should watch crucial support levels on Super Micro Computer's chart around $23, $12, and $10, while mon ...

Start Time: 17:00 January 1, 0000 5:54 PM ET Super Micro Computer, Inc. (NASDAQ:SMCI) Q1 2025 Earnings Call November 05, 2024, 17:00 PM ET Company Participants Charles Liang - Founder, President, CEO and Chairman David Weigand - SVP and CFO Michael Staiger - VP, IR and Corporate Development Conference Call Participants Michael Ng - Goldman Sachs Samik Chatterjee - JPMorgan Aaron Rakers - Wells Fargo Ananda Baruah - Loop Capital George Wang - Barclays Nehal Chokshi - Northland Vijay Rakesh - Mizuho Jon Tanwa ...

Tuesday, November 5, 2024Well, it’s still Election Day, but what appears somewhat different this afternoon compared to this morning and the past week or two is that market participants look ready to deal with whichever candidate wins the White House. This is especially true as odds seem to be getting better that an election this close will not produce a clean-sweep in either party direction. The market hates uncertainty, but it loves political gridlock.The Dow gathered +402 points for the session, +1.02%, w ...

Key TakeawaysSuper Micro Computer shares plunged in extended trading Tuesday after the company said it's unable to predict when it will file its delayed annual report for 2024, exacerbating delisting worries.The server maker also reported preliminary revenue figures for the fiscal first quarter that missed analysts' projections. Tuesday's update comes after shares tumbled last week in the wake of EY's resignation as the company's auditor, and follows months of speculation about the company's accounting prac ...

Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. The trade show runs through June 7.Super Micro, the embattled server maker that's late in releasing annual financials and at risk of being delisted by the Nasdaq, reported unaudited first-quarter results on Tuesday.The stock dropped 12% in extended trading after the company's revenue trailed estimates, guidance came in weaker than expected, and Super Micro said i ...