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 - 4 hours ago

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 - 6 days ago

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 - 16 hours ago

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

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 - Yesterday

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 - 5 days ago

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.

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. - 5 days ago

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 - 4 days ago

Super Micro shares plummet 22% 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 - 2 hours ago

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

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 customers

Business - MarketWatch - 18 hours ago

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 results

Business - Financial Times - 6 days ago

‘He had all the stuff you need to be a pop star’: how Liam Payne helped One Direction to global glory

Although he was less extroverted than his bandmates, his impressive vocals made him a cornerstone of the era’s defining boyband. So why did he struggle to accept his own greatness?. Liam Payne ...

World - The Guardian - October 17

Biotech stock tumbles after unexplained 1,446% gain

Bright Minds Biosciences, which until this week had a lightly traded stock that traded at just over $1, tumbled in premarket trade on Wednesday following a meteoric rise.

Business - MarketWatch - October 16

Elehear Beyond Review: Super Big Hearing Aids

At nearly twice the size of some competitors, Elehear’s new hearing aids certainly make a statement.

Tech - Wired - October 18

What the Budget means for your money

Key measures on tax, investments, pensions and property

Business - 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 forecasts

Business - Financial Times - 6 days ago

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 firm

Tech - ABC News - 6 days ago

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 - Yesterday

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 - 20 hours ago

Gold and taxes: What every investor needs to know

Taxes can eat into your profits when you're investing in gold. Here's what to know about the taxes you might owe.

ASML’s stock tumbles after microchip equipment maker warns of slower recovery

ASML Holding, the Dutch microchip-equipment maker, saw its stock slide after saying the market recovery for semiconductors will take longer than expected.

Business - MarketWatch - October 15

Lucid stock tumbles following public offering to raise $1.67 billion

Lucid intends to use the proceeds "for general corporate purposes, which may include, among other things, capital expenditures and working capital."

Business - CNBC - October 17

Elevance Health’s stock slumps 13% as profit dented by ‘unprecedented’ Medicaid challenges

Elevance Health Inc.’s stock tumbled 13% Thursday and weighed on rivals after the health insurer’s third-quarter profit fell short of estimates amid ”unprecedented” challenges in the Medicaid ...

Business - MarketWatch - October 17

Phunware’s stock tumbles more than 35% after CEO retires

Shares of Phunware Inc. were down more than 35% after the retirement of Chief Executive Mike Snavely from the mobile-advertising company.

Business - MarketWatch - October 24

JetBlue’s stock tumbles as downbeat revenue outlook raises risk of more losses

JetBlue’s stock sinks after Q3 results beat expectations but the Q4 revenue outlook disappointed.

Business - MarketWatch - October 29

Lilly’s Mounjaro, Zepbound drugs see strong demand. So why did sales disappoint?

Eli Lilly’s stock heads for biggest selloff in more than three years after sales of anti-obesity drugs Mounjaro and Zepbound came up well short of forecasts.

Business - MarketWatch - 6 days ago

Solar stocks tank on fears Trump will hamper clean energy progress, repeal IRA

Trump's campaign platform calls for the termination of the IRA, which he refers to as the "Socialist Green New Deal."

Business - CNBC - 4 hours ago

US shares and Bitcoin hit record high on Trump win

The result could have a far-reaching implications for tax and trade policy, as well as economies around the world.

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 - 6 days ago

Latest in Super Micro’s stock tumbles, as one line was ‘all investors needed to hear’