AI predicts when SMCI stock will recover after accounting debacle
Super Micro Computer(SMCI) Finbold·2024-11-03 11:37
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, ...