Why Super Micro Computer's Stock Is Plunging After Its Business Update Tuesday
Super Micro Computer(SMCI) Investopedia·2024-11-05 22:50Key TakeawaysSuper Micro Computer shares plunged in extended trading Tuesday after the company said it's unable to predict when it will file its delayed annual report for 2024, exacerbating delisting worries.The server maker also reported preliminary revenue figures for the fiscal first quarter that missed analysts' projections. Tuesday's update comes after shares tumbled last week in the wake of EY's resignation as the company's auditor, and follows months of speculation about the company's accounting prac ...