Super Micro Computer Stock Tumbles Again. Is the Worst Over Yet?
Super Micro Computer(SMCI) The Motley Fool·2024-11-06 17:58A disappointing preliminary earnings report weighed on the struggling stock.Things have gone from bad to worse for Super Micro Computer (SMCI -23.01%) over the last two months as a short-seller attack snowballed into a delay in its 10-K filing, an investigation by the Department of Justice, and, just last week, the resignation of Ernst & Young as its auditor.Last night, the company added weak preliminary fiscal first-quarter earnings to the list of reasons the stock is spiraling. Management also fanned conc ...