Super Micro’s $600 Target Stalls as 33% Stock Dive Follows EY Audit Exit, DOJ Probe, and Red Flag Allegations

Super Micro Computer, Inc. (SMCI), a prominent player in the AI server industry, has found itself embroiled in a maelstrom of controversy following the resignation of its auditor Ernst & Young (EY), on October 30, 2024. This seismic event sent shockwaves through the market, causing SMCI shares to plummet by a staggering over 30%. The … Continue reading Super Micro’s $600 Target Stalls as 33% Stock Dive Follows EY Audit Exit, DOJ Probe, and Red Flag Allegations