Super Micro Computer Stock Dives on Sustained Risk of Nasdaq Delisting

Key TakeawaysSupermicro shares took a major hit Wednesday after the company didn't say precisely when it would file its 2024 annual report following EY's resignation as auditor.JPMorgan analysts cut their price target by over 50% following the company's business update and earnings call.Super Micro has been given until Nov. 16 to file the report and return to compliance with Nasdaq rules. Super Micro Computer (SMCI) shares fell 20% Wednesday after the company inflamed concerns it could be delisted after it ...