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 ...

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 ...

Financial Information - Super Micro Computer, Inc. announced preliminary financial information for the quarter ended September 30, 2024[5]. - The press release regarding the financial results is dated November 5, 2024[7]. Company Obligations - The company prepaid in full and terminated its obligations under the Term Loan Credit Agreement dated July 19, 2024[4]. - The company has not elected to use the extended transition period for complying with new financial accounting standards[4]. - The report is not deemed "filed" under the Securities Exchange Act of 1934[6]. - The company is not classified as an emerging growth company[4]. Company Information - The company is listed on the NASDAQ Global Select Market under the trading symbol SMCI[3]. - The address of the principal executive offices is 980 Rock Avenue, San Jose, California 95131[2]. - The company's IRS Employer Identification Number is 77-0353939[2]. - Charles Liang serves as the President, CEO, and Chairman of the Board[9].

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 ...

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 ...

Core Viewpoint - Semiconductor companies, particularly Nvidia, have experienced significant stock performance due to the rise of AI adoption, but concerns about valuations and potential corrections loom [1]. Group 1: Nvidia's Performance and Market Position - Nvidia's year-to-date returns stand at 188.08%, with current shares trading at $138.76, reflecting a 3.61% loss over the past week [1]. - The company's market capitalization is approximately 12% of the United States GDP, raising concerns about overvaluation and the possibility of a market correction if AI is in a bubble [1]. Group 2: Risks from Super Micro Computer (SMCI) - SMCI, a key customer for Nvidia, faces potential delisting due to regulatory noncompliance, which could trigger a selloff of Nvidia shares [2]. - Nvidia's revenue is highly concentrated, with 46% coming from just four customers, and SMCI is estimated to account for nearly 9% of Nvidia's revenue [3][4]. Group 3: SMCI's Recent Troubles - SMCI's stock plummeted by 30% following allegations of accounting fraud and the resignation of its auditor, Ernst & Young [5]. - The company is at risk of being delisted on November 16, coinciding with Nvidia's Q3 2025 earnings report, which could negatively impact investor sentiment regarding AI spending [6]. Group 4: Nvidia's Strategic Response - Nvidia is reportedly shifting orders away from SMCI to other customers, mitigating the impact of SMCI's potential downfall [7]. - Demand for Nvidia's latest Blackwell architecture chips is extremely high, with products sold out for the next 12 months, suggesting that Nvidia can compensate for any revenue loss from SMCI [8].

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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 ...