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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 - 1 hour ago -
Meta's Threads micro-blogging app now has 275 million monthly users, Zuckerberg says
Threads, Meta's rival to Elon Musk's X app, now has nearly 275 million monthly users, CEO Mark Zuckerberg said Wednesday.Business - CNBC - 1 hour 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.Top stories - NBC News - 1 hour ago -
Chinese sanctions hit US drone maker supplying Ukraine
Beijing’s move leaves California company rushing to find new battery providersWorld - Financial Times - 8 hours ago -
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 - 20 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 - 23 hours 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 firmTech - ABC News - 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 resultsBusiness - Financial Times - Yesterday -
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 - Yesterday -
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 -
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 - Yesterday -
What the Budget means for your money
Key measures on tax, investments, pensions and propertyBusiness - 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 -
Ingram Micro could be worth more than $5 billion in return to public markets
Ingram Micro has set terms for its initial public offering, as the profitable California-based information-technology company is returning to the public market with a valuation could be move than ...Business - MarketWatch - October 15