Super Micro Computer, Inc. Stock News

The company faces a critical deadline on Nov. 16.

Could Super Micro Computer lose customers because of all its current problems?

Super Micro Computer (SMCI) shares continued sliding in extended trading after leading Nasdaq decliners on Wednesday following news that the embattled server maker would delay the filing of its fiscal first-quarter financial report.

Missed deadlines are piling up for Super Micro Computer, and things keep getting worse for shareholders.

Shares of Super Micro Computer (SMCI) extended their 2024 swoon on Wednesday, with the stock dropping after the company said it would not submit its fiscal first-quarter results in a timely manner.

The company has until Nov. 16 to file or submit a plan to the Nasdaq Stock Exchange.

The most publicized and notable stock market meltdown of 2024, at least thus far, has been the tale of Super Micro Computer Inc (NASDAQ: SMCI). The semiconductor company, which had at one point rallied by as much as 316% in 2024 has been on a steady yet steep decline.

Super Micro Computer Inc (NASDAQ:SMCI) shares traded lower on Wednesday after the server maker delayed the filing of its September quarter report as it seeks a new accounting firm.   Ernst & Young (EY) resigned as the company's auditor in October, citing concerns about governance, transparency, and internal controls over financial reporting.