Supermicro shares soar 37% after compliance overhaul and auditor appointment

Supermicro shares soar 37% after compliance overhaul and auditor appointment

Super Micro Computer Inc., widely known as Supermicro, has captured market attention with a dramatic 37% surge in its stock price. This sharp rebound comes after the company unveiled significant measures to address compliance concerns, including appointing a new independent auditor and filing a compliance plan with Nasdaq. These actions are being hailed as pivotal […]

Super Micro stock plunges as company slashes sales forecasts amid financial woes

Super Micro stock plunges as company slashes sales forecasts amid financial woes

Super Micro Computer Inc., a major player in the data center hardware sector, is facing turbulent times as its stock took a sharp dive after the company revealed a severe downward revision of its sales forecasts for the September and December quarters. The San Jose-based tech giant, already under scrutiny for alleged accounting mismanagement, is […]