If you are looking for an incredible community to apply proven financial models ranging from Dividends, to Breakout picks, to ETFs, and Long Term Value consistently beating the markets with double digit returns, then join our outstanding members at Value & Momentum BreakoutsSignals from his proprietary Momentum Gauges® not only alert subscribers of market changes, but the strength of markets for short term breakouts or breakdown warnings across 11 different sectors. Top stock and ETF selections use technica ...

The share price of Super Micro Computer Inc. (NASDAQ: SMCI) is witnessing a significant sell-off as investors turn bearish on the company following its recent accounting challenges.To recap, SMCI came under scrutiny after its auditor, Ernst & Young, resigned, citing issues with governance, transparency, internal controls, and concerns over management’s independence. As a result, the stock has erased gains from the company’s venture into artificial intelligence (AI). At the close of the last trading session, ...

The sell-off from its auditor's resignation continued.Shares of Super Micro Computer (SMCI -10.51%), best known for making artificial intelligence (AI) servers, were sliding for the third straight day today as the fallout from its auditor's resignation continued.The stock closed down 10.5% and is now down 47% over the last three days since it reported the news. The financial drama continuesOn Wednesday, the company said in a filing that its accounting firm, Ernst & Young (EY), had resigned. That news came a ...

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 investors continued to rush the exits on Friday, pushing the stock down another 9% and bringing this week's selloff to 44%, after the data center company lost its second auditor in less than two years.The company's shares fell as low as $26.23, wiping out all of the gains for 2024. Shares had peaked at $118.81 in Mar ...

In my last piece on Super Micro Computer, Inc. (NASDAQ: SMCI ) I suggested that the SMCI had a favorable risk/reward relationship and that the technical picture of Super Micro looked compelling for investors with a contrarian bent.A financial researcher and avid investor with a keen eye for innovation and disruption, as well as growth buy-outs and value stocks. Keeping an eye on the pace of high tech and early growth companies, I write about current events and the biggest news surrounding the industry, and ...

Super Micro Computer, Inc. (SMCI) is scheduled to report first-quarter fiscal 2025 results on Nov. 5. Image Source: Zacks Investment Research For the fiscal first quarter, the company expects revenues between $6 billion and $7 billion. The Zacks Consensus Estimate is pegged at $6.52 billion, indicating growth of 207.5% from the year-ago quarter's reported value. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Super Micro Computer expects non-GAAP earnings per share between 67 cents ...

Super Micro Computer is under tremendous pressure to reassure investors of the accuracy of its financial statements.The company's auditor resigned and made statements suggesting the integrity of the company's financial statements is questionable.*Stock prices used were the afternoon prices of Oct. 29, 2024. The video was published on Oct. 31, 2024. ...

The only thing that can be assured about Super Micro Computer's NASDAQ: SMCI share price is that volatility will dominate the market for the foreseeable future. The second resignation of external auditors Ernst & Young in 18 months highlights risks first brought to light by former employee Bob Luong. The company’s results and demand for its products suggest the risks are limited, but uncertainties remain that will keep downward pressure on the stock price for the foreseeable future. The primary hurdle for t ...

Super Micro Computer stock investors can't seem to catch a break.In this video, I will cover the recent updates regarding Super Micro Computer (SMCI -11.97%). 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 Oct. 30, 2024. The video was published on Oct. 31, 2024. ...

Supermicro stock plummeted 32% in one trading session on this latest news.Super Micro Computer (SMCI -11.97%) has been one of the early stars of the artificial intelligence (AI) boom. The maker of servers, workstations, and other equipment critical to data center operations has seen revenue rise in the triple digits in recent times due to demand for its products. And that's helped the stock take off, soaring more than 4,800% in the five years through February -- and Supermicro continued the momentum in the ...