In today's video, I will be talking about recent updates regarding Super Micro Computer (SMCI 29.37%). 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. 18, 2024. The video was published on Nov. 18, 2024. ...

The recent appointment of BDO USA as Super Micro Computer's (NASDAQ: SMCI ) independent auditor aligns closely with the second forecasted scenario in our earlier analysis. In this scenario, we anticipated the appointment of a reputableYiannis Zourmpanos, founder of Yiazou IQ, an AI-driven stock research platform providing all-in-one stock reports. Experience: Previously worked at Deloitte and KPMG in external/internal auditing and consulting. Education: Chartered Certified Accountant, Fellow Member of ACCA ...

"Since the release of the industry-first Twin systems back in 2007, Supermicro has consistently been a pioneer in developing the densest, most efficient multi-node architectures for HPC workloads," said Charles Liang, president and CEO of Supermicro. "The new FlexTwin houses either the Intel Xeon 6 processors with P-cores or the new AMD EPYC 9005 processors, giving customers the choice for their HPC racks scale deployments. The combination of Supermicro's liquid cooling experience, extensive multi-node dev ...

Super Micro Computer NASDAQ: SMCI is a provider of high-performance server and storage solutions crucial for the expanding artificial intelligence (AI) infrastructure market, and the company is in a critical strategic position. Super Micro is most recognized for its modular and open architecture approach, but the company has been grappling with a series of difficult setbacks.  A delayed annual report, an auditor’s resignation, a short-seller attack, and a Nasdaq delisting notice have sent the stock tumbling ...

Though Super Micro Computer (NASDAQ: SMCI) is hardly out of the woods, it experienced something of a sudden recovery, first with a 15.93% rally on Monday, November 18, to its latest closing price of $21.54. The momentum continued into the extended trading session, pushing SMCI shares even higher.In fact, the after-hours and pre-market SMCI stock rally has been strong enough that, should the current levels be retained, Supermicro shares will open at their highest price since late October. The tech giant is u ...

Key TakeawaysSuper Micro Computer shares soared in extended trading Monday after the company named a new auditor and filed a compliance plan to avoid delisting.The server maker said BDO USA would serve as its new auditor after EY resigned, and that it asked the Nasdaq for an extension to complete its delayed annual report.Supermicro had received a warning letter from the Nasdaq giving it until Monday to file or submit a plan for the delinquent report. Super Micro Computer (SMCI) shares soared in extended tr ...

Shares of Super Micro Computer (SMCI 24.11%) were surging today as investors awaited a plan from the company to stay in compliance with the Nasdaq and maintain its listing.Following a delay in its 10-K filing, the Nasdaq told Supermicro in September that it was out of compliance with its standards and that it had two months to file the annual report or submit a plan to get back in compliance.That deadline is expiring today, but investors were optimistic that it would submit a plan after Barron's reported on ...

Super Micro Computer (SMCI 19.11%) stock has been in free fall for the last six months. A myriad of issues related to its accounting practices have spooked investors. After the company announced it would have to delay the release of its 10-K annual report for its fiscal 2024 ended June 30, it also faced the possibility of its stock being delisted from the Nasdaq Stock Exchange.It has now hit the deadline for a Nasdaq delisting, but today it is planning a filing that could result in the company avoiding bein ...

Key TakeawaysSuper Micro Computer shares rose in early trading Monday, extending their rally on anticipation the tech company is preparing to submit a plan to avoid being delisted.Barron's reported Friday that Supermicro was on track to file a plan with the stock exchange by Monday to remain listed.The gains come after Supermicro shares lost ground in recent months as it was accused of "accounting manipulation" and delayed the filing of its annual report. Shares of Super Micro Computer (SMCI) climbed in ear ...

Super Micro Computer, Inc. (SMCI) has experienced a tumultuous period, with its stock price plummeting 70% over the past three months. This sharp decline can be attributed to a series of setbacks that have shaken investor confidence and cast a shadow over the company’s short-term outlook.Image Source: Zacks Investment ResearchReasons Behind SMCI Stock’s Drastic FallThe initial catalyst for Super Micro Computer’s decline came in late August when a scathing report from Hindenburg Research alleged accounting m ...