From Nasdaq: 2024-11-17 22:15:33

Super Micro Computer (NASDAQ: SMCI) stock saw a 24.2% drop last week, now down 35% year to date. The company faces potential delisting after missing filing deadlines with the SEC. Cisco’s AI server market plans also put pressure on Supermicro’s stock, down 84% from all-time high in March.

Super Micro Computer’s filing delays raise concerns about its financial compliance and potential delisting from the Nasdaq Stock Market. Ernst & Young stepping down as auditor and Cisco’s competition in the AI server market add to the company’s risks. Supermicro must submit a plan to avoid immediate delisting.

Investors should consider Super Micro Computer’s recent challenges before investing. The Motley Fool Stock Advisor didn’t include Supermicro in its list of 10 best stocks. The service has a track record of success, outperforming the S&P 500 since 2002. Consider the potential risks and rewards before investing in Supermicro.



Read more at Nasdaq: Why Super Micro Computer Stock Plummeted Again This Week