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 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 - 2 days ago

What the Budget means for your money

Key measures on tax, investments, pensions and property

Business - Financial Times - 2 days ago

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 - Yesterday

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 - Yesterday

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 - Yesterday

Top Wall Street analysts are upbeat on these dividend stocks

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Cisco and Diamondback Energy

Business - CNBC - 5 days 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 - 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 - 22 hours 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's 44% 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 - 55 minutes ago

Top Wall Street analysts like these stocks for their growth prospects

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Nvidia and Fortinet.

Business - CNBC - October 20

Wall Street analysts get it wrong on two of our portfolio industrial stocks

New research from Wall Street analysts missed the mark on Stanley Black & Decker and DuPont.

Business - CNBC - October 21

Wall Street is worried stocks might be on the cusp of a ‘lost decade’

Stocks have been on a terrific run over the past decade. But the years ahead might not be quite so spectacular.

Business - MarketWatch - October 22

Tech stock sell-off wipes out Wall Street’s October gains

Disappointing earnings from Microsoft help put US equities on track for biggest one-day drop since early September

World - Financial Times - 23 hours ago

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 - Yesterday

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 warming

World - Financial Times - Yesterday

Chinese sanctions hit US drone maker supplying Ukraine

Beijing’s move leaves California company rushing to find new battery providers

World - Financial Times - Yesterday

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

Wall Street is entering its best 6 months of the year. Why the stock-market rally has more room to run.

The U.S. stock market is about to enter historically its best six months of the year, after defying the popular Wall Street adage to “sell in May and go away” with strong gains.

Business - MarketWatch - 2 days ago

GM stock has best day since 2020 after automaker tops Wall Street's third-quarter expectations, raises guidance

GM's quarterly report comes just two weeks after an investor day in which the company indicated its earnings strength is expected to continue into next year.

Business - CNBC - October 22

McDonald's, Boeing experience Wall Street struggles

It's been a mixed week for stocks amid a flurry of corporate news, including problems for fast food giant McDonald's, as it deals with an E. coli outbreak possibly linked to its Quarter Pounders. ...

Misinformation concerns grow as Election Day nears

A flood of false information around the election is already ramping up on the internet, making it hard for voters to know what’s actually real. Already in Pennsylvania, a viral video claiming to ...

Politics - NBC News - Yesterday

Optimism on Wall Street, and Harris Agrees to a Fox News Interview

Plus, an investigation into China’s panda factories.

Top stories - The New York Times - October 15

Citigroup earnings top estimates, but stock falls as bank boosts loan loss reserves

The bank's third-quarter report was stronger than Wall Street expected but still showed a year-over-year decline in earnings.

Business - CNBC - October 15

Wall Street’s most frustrating ‘pain trade’ looks set to continue

For Wall Street’s professional money managers, the biggest “pain trade” right now is the ongoing rally in stocks following a massively successful two-year bull run.

Business - MarketWatch - October 15

Trump: Wall Street Journal has been 'wrong about everything'

Former President Trump blasted the Wall Street Journal and other prognosticators in the financial sector who have predicted his economic plans will have a negative impact on the country's financial ...

Politics - The Hill - October 15

Netflix adds 5 million subscribers and beats Wall Street's profit expectations

Netflix reports strong third-quarter earnings, in a sign that its content mix, including "Emily in Paris," and its password-sharing crackdown are still paying off.

Entertainment - Los Angeles Times - October 17

Wall Street hates Treasurys. Maybe it’s time to give them some love.

Maybe it’s time to show them a little appreciation.

Business - MarketWatch - October 19

Behind Many Powerful Women on Wall Street: A Doting 'Househusband'

More men are staying home to facilitate the complex juggle of family life and their wives’ high-powered careers.

Business - The Wall Street Journal - October 21

Lucid CEO defends $1.75 billion capital raise following stock drop

Peter Rawlinson said the raise was a timely, strategic business decision to ensure the EV maker has enough capital for its ongoing operations and growth plans.

Business - CNBC - October 22

Lucid CEO says Wall Street misinterpreted $1.75 billion capital raise

DETROIT — Investors misinterpreted a public offering last week by Lucid Group that raised roughly $1.75 billion — and led to the stock’s worst daily performance in nearly three years — CEO Peter ...

Wall Street Journal, NY Post sue AI startup

Media conglomerate News Corp, the conglomerate that owns the Wall Street Journal, New York Post and a number of other media properties, is suing artificial intelligence (AI) startup Perplexity over ...

Politics - The Hill - October 22

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