About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________________________________________________ __________________________________________________________________________ FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): November 1, 2024 SUPER MICRO COMPUTER, INC. (Exact name of registrant as specified in its charter) Delaware 001-33383 (State or other jurisdictio ...

Key TakeawaysSuper Micro Computer reports earnings after the bell Tuesday, with its stock nearly 80% below its highest point in March.The few analysts covering the stock mostly have a cautious view of its outlook, but expect it will regain some of the value it has lost in recent months.Concerns with the company's accounting practices have sent the stock lower amid a report from a short seller, delayed filings, and the recent resignation of EY as its auditor. Super Micro Computer (SMCI) is set to report earn ...

Super Micro Computer Inc. SMCI is gearing up for its first-quarter earnings report Tuesday after the market close. Expectations are set for 75 cents in earnings per share (EPS) and revenue of $6.45 billion, according to Benzinga Pro data.Super Micro's financial credibility, following significant governance issues, concerns investors.Here's what to watch as the company tries to stabilize in the wake of these challenges.SMCI Under PressureSMCI stock has taken a beating over the past year, with shares down 3.0 ...

Englander's Millennium has shed nearly 9 million shares of supercharged income stock AT&T since 2024 began in favor of a controversial artificial intelligence (AI) stock.Investors are rarely ever at a loss for important data releases on Wall Street. Earnings season provides an onslaught of operating results for many of America's most-important businesses, while economic data releases occur on an almost everyday basis from Monday through Friday. But every so often, one of these meaningful data dumps can slip ...

The resignation of its auditor sent Supermicro shares plummeting.The saga around Super Micro Computer (SMCI -0.08%) continued with the stock plunging on news that its auditor has resigned. The stock has bounced around like a ping-pong ball this year, with a number of extreme moves to both the upside and downside. Now the stock is down 9% year to date.Let's take a closer look at some of recent drama around the stock and see if we can determine whether the stock is a buy or if it best to just stay away.Questi ...

The Super Micro Computer stock (NASDAQ: SMCI ) has traded down by more than 40% after Ernst & Young (EY) resigned from the audit engagement on October 30. The stock has lost more than 40% of its value over the pastAnalyst’s Disclosure: I/we have a beneficial short position in the shares of SMCI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business ...

Results from Super Micro Computer Inc (NASDAQ:SMCI) are due on Wednesday but the performance of the server manufacturers and Nvidia's third-largest customer is likely to "take a back seat" to other concerns, analysts say.   Shares in Super Micro lost over 45% of their value last week after Ernst and Young resigned as its auditor, taking the decline in the shares to almost 70% over six months, following a Wall Street Journal report about the launch of a Department of Justice investigation, a warning in Septe ...

Semiconductor companies have seen stellar performance over the last two years, owing to the revolutionary potential of widespread AI adoption. This is most apparent with stock market darling Nvidia (NASDAQ: NVDA), which has seen year-to-date (YTD) returns of 188.08%. At press time, NVDA shares are trading at $138.76, having registered a 3.61% loss over the last week due to market uncertainty.NVDA stock price YTD chart. Source: FinboldThe chipmaker is now worth roughly 12% of the United States GDP, and worri ...

Amid fresh controversies and high-stakes allegations, Supermicro's stock is plummeting.Super Micro Computer's (SMCI -10.51%) stock is on fire -- and not in a good way. Shares of the artificial intelligence (AI) server maker fell off a cliff this week after its accounting firm, Ernst & Young (EY), announced it was resigning. Since the news broke on Tuesday, the stock is down more than 40%. So what is happening? A whole lot of speculation has been swirling, but let's get the facts straight and take a look at ...