Super Micro Computer Stock Collapse: Is the Worst Over?
Super Micro Computer(SMCI) The Motley Fool·2024-11-17 23:15
Things have gone from bad to worse for Super Micro Computer (SMCI 3.16%). After a scathing short report highlighted questionable accounting practices, the company's auditor resigned, and it has not been able to file its annual report at its expected due date. The once-loved artificial intelligence (AI) stock is showing red flag after red flag with its business practices. Investors are acting rationally and exiting their positions.As of this writing, Super Micro Computer stock is down 82% from highs set earl ...