Super Micro Faces Inflated Debt Amid Auditor Exit and Plummeting Profits

Super Micro Computer (NASDAQ: SMCI) has released preliminary financial data for its first fiscal quarter ending September 30, 2024. This update follows an unsettling period in which the company’s auditor, Ernst & Young LLP (EY), abruptly resigned, citing trust and transparency issues, leading to a sharp 35% drop in Super Micro’s stock price. The company’s … Continue reading Super Micro Faces Inflated Debt Amid Auditor Exit and Plummeting Profits