super micro faces delisting risks amid auditor concerns and share decline

Super Micro Computer Inc. is at risk of being delisted from Nasdaq and removed from the S&P 500 index due to a significant decline in its stock price.

The company, which initially found success in the artificial intelligence industry, is currently being scrutinized following the resignation of its auditor, Ernst & Young LLP.

Concerns have been raised regarding Super Micro's commitment to integrity and ethics. This development comes after a US Department of Justice investigation and a negative report from a short-seller earlier this year.

Investors are eagerly awaiting a crucial business update from Super Micro, scheduled to be released on Tuesday after the market closes. This update will address the company's compliance with Nasdaq's requirements.

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