Super Micro Computer, Inc. Stock News

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.

Super Micro Computer Inc (NASDAQ: SMCI) says it needs more time to file its financial update for the September quarter. Shares of the AI server company are down another 2% on Wednesday.

The server maker disclosed it will be late with its quarterly filing in addition to its past annual one. Super Micro also said it needs additional time to find a new auditor.

Embattled server maker Super Micro Computer told regulators that it will be unable to file its September-quarter report on time. The post Super Micro Stock Falls As Server Maker Delays Quarterly Report appeared first on Investor's Business Daily.

Super Micro Computer stock (NASDAQ: SMCI) fell by about 6% in Tuesday's trading and remains down 54% over the past month amid significant corporate governance concerns and questions about the company's financial reporting. Hindenburg Research published a report highlighting several red flags in SMCI's accounting practices.

The chip maker's latest quarterly report will come later than hoped for.

AI server maker Super Micro Computer said on Wednesday it is unable to file its quarterly report on form 10-Q for the quarter ended Sept. 30, 2024 in a timely manner, amid its ongoing delay in filing an annual report.

Super Micro Computer is significantly undervalued due to highly likely exaggerated fears of accounting manipulations and the reported DOJ investigation, presenting a strong buying opportunity. Despite reputational challenges, SMCI's partnerships with NVIDIA and AMD affirm its credibility and operational integrity, bolstering confidence in its financial reports. Preliminary FQ1 2025 results show...