Shares of Super Micro Computer (SMCI) surged an impressive 27% on Tuesday, reaching a two-week high, after the company announced it had hired a new auditor and submitted a plan to regain compliance with Nasdaq’s listing requirements. The company’s stock had been struggling following a series of challenges, including delays in filing financial reports [...]
Shares of Super Micro Computer (SMCI) have taken a steep fall, dropping over 40% after news broke that Ernst & Young (EY), the company’s auditor, has resigned. This comes on the heels of a DOJ probe, raising serious questions for investors. SMCI’s tumble this past week has added to its already shaky year. While [...]
Shares of Super Micro Computer (SMCI) soared yesterday and were on pace for their best trading day in more than 7 months. The stock ended up gaining around 15%, although it started to come back down to earth in Tuesday’s trading session. It’s lost 5% of its gains so far today. This all came [...]
It’s been a thrilling start to 2024 for investors of Super Micro Computer (SMCI), as the stock has skyrocketed 191% through the first month and a half of the year. However, it looks like the stock’s win streak has come to an end after last Friday’s reversal. All eyes are on Super Micro Computer [...]
Early Monday morning, Super Micro (SMCI) issued a warning that the company is going to fall short of its fiscal third-quarter revenue forecast. As a result, the company dropped as much as 12% in pre-market trading and now sits 6% lower than it opened at. While Super Micro originally issued a March-quarter revenue guidance [...]
