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super micro faces delisting risk after auditor resignation and stock plunge

Super Micro's stock has plummeted 72% since its peak in March, following the resignation of its auditor, Ernst & Young, raising delisting risks from Nasdaq. The company, a key player in AI server solutions, faces scrutiny over financial reporting and potential accounting manipulation, with a deadline to regain compliance by mid-November. Despite significant revenue growth, Wall Street's confidence has waned, highlighting the volatility surrounding AI-related investments.
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Ernst & Young NVIDIA Corporation Deloitte & Touche LLP Super Micro Computer, Inc. OpenAI USA Ernst & Young Rohan Goswami Kevin Barry Kif Leswing Deloitte & Touche Show more
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12:00 31.10.2024
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