I currently hold a neutral stance on Super Micro Computer (SMCI), a supplier of data center servers and storage solutions. Over the past 12

The AI server maker’s bad day follows another double-digit stock plunge last week after its accounting firm Ernst & Young resigned. More bad news for Super Micro Computer, Inc. (Nasdaq: SMCI): Shares sank more than 20% on Wednesday after the AI server maker missed earnings estimates,

Analysts at Mizuho fear that the lack of an auditor (and possible challenges in getting a new one) could lead to a delisting from the Nasdaq exchange. This could dramatically reduce Supermicro's liquidity by forcing it to trade over the counter, a designation that could make shares harder to access, likely hurting the company's valuation.

Super Micro Computer Inc. (SMCI) shares plummeted more than 24% on Wednesday after the AI hardware company released a disappointing preliminary first-quarter report and failed to confirm a timeline for its actual first-quarter results.

This isn't the first time Super Micro Computer investors faced delisting risks. In 2018, trading in the stock was suspended on the Nasdaq.

As an aside, SNAP jumped post earnings yesterday - see “ Should You Buy, Sell, Or Hold SNAP Stock At $12? In our recent analyses, we argued for a range of outcomes. On one hand, there is potential for the stock to rise over 2x to $1,

Super Micro Computer shares plunged another 18.05% on Wednesday, the day after providing a worse-than-expected business update.The stock was Wednesday’s worst performer in the S&P 500 and the Nasdaq 100,