From Nasdaq: 2024-11-20 21:42:31

Super Micro Computer stock (NASDAQ: SMCI) surged nearly 40% after announcing a new auditor and submitting a compliance plan to Nasdaq, potentially avoiding delisting. The company plans to file overdue reports by February, pending Nasdaq approval. SMCI has outperformed the market for four years, showing strong growth potential. However, corporate governance concerns and financial reporting issues raise red flags, urging caution for investors. Despite its strong AI growth story, internal control and accounting concerns may impact long-term viability. With a reasonable valuation at 10x forward earnings, SMCI faces risks that could mislead shareholders. Consider Trefis Market-Beating Portfolios for a more stable investment option.



Read more at Nasdaq: Super Micro Submits Plan to Stay Listed. Is The Stock Attractive Now?