Micro's Billion - QuikReader

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

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.

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

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 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 property

Business - 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 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

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 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

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

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 - 20 hours ago

Chinese sanctions hit US drone maker supplying Ukraine

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

World - Financial Times - 8 hours ago

Debt rule to change to fund major projects

Government claims the move contrasts with former PM Liz Truss's controversial mini-Budget.

Billions of levelling-up cash in limbo

Towns and cities call on the Labour government to deliver the funds promised for vital regeneration.

Mass deportation could cost billions

Bankrolling mass deportation would be costly. It would also require a lot more manpower.

Steve and Connie Ballmer on Ballmer Group

In a 60 Minutes interview, former Microsoft CEO and LA Clippers owner Steve Ballmer and his wife Connie share their vision for philanthropy and address whether they'd ever be in the market for ...

OpenAI’s Journey to $157 Billion Chronicled in Documents

OpenAI originally applied to be recognized as a tax-exempt charitable organization by the IRS in 2016.

Business - Inc. - October 13

Senegal Plans to Invest About $30.5 Billion In Development

World - Yahoo News - October 14

Singapore to Halt $1.7 Billion Allianz Deal

The Singapore government plans to put a halt to a proposed deal by Germany’s Allianz to buy a majority stake in Singapore insurance company Income Insurance.

Business - The Wall Street Journal - October 14

Latest in Micro's Billion

Super Micro's $50 billion stock collapse underscores risk of AI hype

Super Micro's $50 billion stock collapse underscores risk of AI hype

Ingram Micro could be worth more than $5 billion in return to public markets

Super Micro’s troubles build as auditor resigns, sending stock tumbling 33%

Super Micro Computer Tumbles After Auditor EY Resigns

What the Budget means for your money

The Budget in brief: what you need to know

Super Micro Computer shares drop by one-third after EY resigns as auditor

Super Micro Computer's shares plunge 33% after server maker's accounting firm quits

This five-star fund’s formula rode Super Micro’s gain, while its disciplined strategy avoided the stock’s brutal decline

Super Micro shares plunge 33% as auditor resigns after raising concerns months earlier

Meta's Threads micro-blogging app now has 275 million monthly users, Zuckerberg says

Asia has ‘enormous’ shortfall of funds to adapt to climate change, warns ADB

Chinese sanctions hit US drone maker supplying Ukraine

Debt rule to change to fund major projects

Billions of levelling-up cash in limbo

Mass deportation could cost billions

Steve and Connie Ballmer on Ballmer Group

OpenAI’s Journey to $157 Billion Chronicled in Documents

Senegal Plans to Invest About $30.5 Billion In Development

Singapore to Halt $1.7 Billion Allianz Deal

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