Latest in Super Micro’s stock falls further as it faces new hurdle with filing deadlines
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Super Micro’s stock falls further as it faces new hurdle with filing deadlines
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.Business - MarketWatch - Yesterday -
Super Micro still can’t say when it will file annual report, and its stock drops
Server maker doesn’t expect its accounting issues to impact its ability to serve customersBusiness - MarketWatch - November 6 -
Super Micro Computer to Strengthen Governance, Oversight Amid Filings Dispute
The server maker said it continues to work on matters related to its filings with the SEC, and now expects lower sales than it had previously guided for in its fiscal first quarter.Tech - The Wall Street Journal - November 5 -
Super Micro’s troubles build as auditor resigns, sending stock tumbling 33%
Super Micro filing indicates Ernst & Young flagged governance concerns back in July, which was before a short seller’s report put them on the minds of investors.Business - MarketWatch - October 30 -
Super Micro's $50 billion stock collapse underscores risk of AI hype
Since being added to the S&P 500 in March, Super Micro has lost about two-thirds of its value and now faces the risk of Nasdaq delisting.Business - CNBC - October 31 -
Super Micro's $50 billion stock collapse underscores risk of AI hype
In March, Super Micro Computer was added to the S&P 500 after an epic run that lifted the stock by more than 2,000% in two years, dwarfing even Nvidia’s gains.Top stories - NBC News - October 31 -
Super Micro Computer Stock Crashes, Wall Street Concerns Grow
Shares of the Nvidia customer have crashed since its accounting firm, Ernst & Young, resigned.Business - Inc. - November 1 -
Super Micro's 45% plunge this week wipes out stock's gains for the year
Super Micro investors have been fleeing for the exits this week after the company lost its second auditor in less than two years.Business - CNBC - November 1 -
Super Micro’s stock tumbles, as one line was ‘all investors needed to hear’
Super Micro shares set to shed another 20%-plus on Wednesday as the company acknowledged its filing delay could have some impact on the business.Business - MarketWatch - November 6 -
Super Micro needs a new CEO before its AI advantage erodes
Super Micro Computer Inc. was an early beneficiary of the artificial-intelligence boom. But with the server maker under an accounting cloud, Super Micro now needs its chief executive to step down ...Business - MarketWatch - November 5 -
This five-star fund’s formula rode Super Micro’s gain, while its disciplined strategy avoided the stock’s brutal decline
The Hennessy Cornerstone Growth Fund follows a highly rated strategy of selecting its entire portfolio from scratch once a year.Business - MarketWatch - October 19 -
Chewy’s stock falls after SEC filing reveals that trader Keith Gill has dumped his stake
Influential trader Keith Gill, also known as Roaring Kitty, has sold his stake in Chewy, the online retailer of pet products.Business - MarketWatch - October 30 -
Super Micro still offers no clear answers to investors
Super Micro Computer Inc. did not offer investors any clear answers to questions in an investor call about its accounting woes Tuesday, leaving intact the dark cloud hanging over the company and ...Business - MarketWatch - November 6 -
Asia has ‘enormous’ shortfall of funds to adapt to climate change, warns ADB
Development bank report says region still needs hundreds of billions of dollars for action to tackle impact of global warmingWorld - Financial Times - October 31 -
Chinese sanctions hit US drone maker supplying Ukraine
Beijing’s move leaves California company rushing to find new battery providersWorld - Financial Times - October 31 -
Super Micro Computer Tumbles After Auditor EY Resigns
Ernst & Young has resigned as the auditor for Super Micro Computer after finding that it can no longer rely on management’s misrepresentations.Tech - The Wall Street Journal - October 30 -
What the Budget means for your money
Key measures on tax, investments, pensions and propertyBusiness - Financial Times - October 30 -
The Budget in brief: what you need to know
A quick guide to the UK chancellor’s main policy announcements and official economic forecastsBusiness - Financial Times - October 30 -
Super Micro Computer shares drop by one-third after EY resigns as auditor
Server maker said in August it would delay the release of its fiscal year 2024 resultsBusiness - Financial Times - October 30 -
Super Micro Computer's shares plunge 33% after server maker's accounting firm quits
Shares of Super Micro Computer have plunged more than 33% after the server maker disclosed that Ernst & Young had resigned as its public accounting firmTech - ABC News - October 30 -
Here’s what Super Micro’s struggles may mean for Nvidia and Dell
Dell might not see immediate financial benefits, but an analyst thinks customers are paying attention to Super Micro’s auditor exit, which could start helping Dell next year.Business - MarketWatch - November 5 -
Why a Key Biden Effort to Boost Affordable Housing Has Faced Hurdles
The Biden administration rolled out a plan last year to create more housing by unlocking more than $35 billion in lending capacity. It has yet to close on any loans that would support ...Business - The New York Times - October 28 -
RFK Jr. faces hurdles in push against fluoride in water
Robert F. Kennedy Jr.’s goal of removing fluoride from the water supply faces challenges regardless of what role he plays on health care in the new Trump administration. Days before ...Politics - The Hill - 9 hours ago -
The U.S. Army Prepares for War With China: New Vehicles, Face Paint and a 1,200-Foot Fall
The big and cumbersome Army is trying to transform itself to deploy quickly to Asia, if needed. It is an inherently dangerous business.World - The New York Times - October 30 -
Super Micro shares plunge 33% as auditor resigns after raising concerns months earlier
Ernst & Young resigned over accounting and governance concerns at the buzzy AI firm, which has faced regulatory scrutiny before.Business - CNBC - October 30 -
Cramer's week ahead: The election, Fed decision and earnings from Super Micro, Arm, Qualcomm and CVS
CNBC's Jim Cramer is eyeing earnings from Berkshire Hathaway, Super Micro, CVS, Ferrari, Arm Holdings, Qualcomm, Palantir and DraftKings.Business - CNBC - November 1 -
Super Micro shares plunge 17% after company says no timetable for annual results, issues weak guidance
Super Micro, the embattled server maker, reported preliminary first-quarter results on Tuesday.Business - CNBC - November 5 -
Super Micro shares plummet 18% after financial update heightens investor concerns
Super Micro's stock fell to its lowest since mid-2023 on Wednesday after the company issued unaudited quarterly results that added to investor concerns.Business - CNBC - November 6 -
Will Super Micro get booted from the S&P 500? That may come before a delisting.
Super Micro shares are down more than 80% since the company joined the S&P 500 in March. That poor performance could catch the eye of the index committee, an expert said.Business - MarketWatch - 3 hours ago -
Number of Americans filing for unemployment falls to lowest level in 6 months
The number of Americans applying for unemployment benefits fell to their lowest level in six months last week as layoffs remain at relatively healthy levelsTop stories - ABC News - 5 hours ago