SMCI: Buy opportunity or a signal for caution amid auditor exit

The unfolding challenges at Super Micro Computer (NASDAQ: SMCI) continue to stir market uncertainties, especially as it edges closer to a potential delisting from Nasdaq. Following serious accounting allegations and the sudden resignation of its auditor, Ernst & Young, investor confidence has sharply dwindled.Once valued at $70 billion, SMCI’s market cap has plunged to $12.6 billion, with the stock now trading 77% below its all-time high.  This sharp decline paints a picture of both risk and opportunity, de ...