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 ...

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 ...

Company Performance - Super Micro Computer (NASDAQ: SMCI) experienced a significant drop of 33% following the resignation of its auditor, Ernst & Young, on Wednesday the 30th [1] - The news of the auditor's resignation has caused concern among investors, leading to a substantial sell-off [1] Market Context - The Pragmatic Investor provides insights into global macro trends, international equities, commodities, tech, and cryptocurrencies, aiming to guide investors at all levels [1] - The platform offers features such as a portfolio, weekly market updates, actionable trades, technical analysis, and a chat room [1] - James Foord, an economist with a decade of experience in global market analysis, leads The Pragmatic Investor, focusing on building diversified portfolios to preserve and increase wealth [1]

Super Micro Computer, Inc SMCI stock continued to fall on Thursday after Rosenblatt analyst Hans Mosesmann suspended his rating on the artificial intelligence server company, citing governance and accounting concerns following Ernst & Young’s resignation as the company’s auditor.Mosesmann noted that Ernst & Young resigned as the company’s registered public accounting firm on Oct. 24, due to concerns regarding governance, transparency, and completeness of communications from Super Micro to Ernst & Young and ...

News that Super Micro Computer's financial auditor has resigned has resulted in surging bearish sentiment on the stock.Super Micro Computer (SMCI -11.23%) stock is getting crushed again in Thursday's trading. The company's share price was down 11.7% as of 1:45 p.m. ET, and had been down as much as 17.7% earlier in the daily session.Yesterday, Supermicro submitted a filing to the Securities and Exchange Commission (SEC) revealing that Ernst & Young (EY) had resigned from its role as the company's accounting ...

In this articleSMCICharles Liang, CEO of Super Micro Computer, during the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023.David Paul Morris | Bloomberg | Getty ImagesIn March, Super Micro Computer was added to the S&P 500 after an epic run that lifted the stock by more than 2,000% in two years, dwarfing even Nvidia's gains.As it turned out, S&P was calling the top.Less than two weeks after the index changes were announced, Super Micro reached its closing high of $118.81 and had a market cap ...

NEW YORK, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Super Micro Computer, Inc. (NASDAQ: SMCI) on behalf of long-term stockholders following a class action complaint that was filed against Super Micro on August 30, 2024 with a Class Period from August 10, 2021 to August 26, 2024. Our investigation concerns whether the board of directors of Super Micro have breached their fiduciary duties to the ...

Investors must contend with a painful but critical risk of investing.The resignation of Ernst & Young (EY) as Super Micro Computer's (SMCI -31.94%) accounting firm sent its stock reeling. Not only did its stock plunge but now investors must also contend with one of the more promising tech growth stories getting derailed by alleged accounting irregularities.Considering this challenge, Supermicro has instead become a painful investing lesson. Unfortunately for investors, there's only one way to mitigate the p ...