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Thursday, October 31, 2024

Super Micro shares tumble following disturbing news

Super Micro shares tumble following disturbing news

The AI-server company makes an astonishing admission in a regulatory filing.

Analysts at Needham had seen enough.

The investment firm said on Oct. 30 that it was suspending its buy rating of Super Micro Computer  (SMCI)  shares after the maker of liquid-cooled artificial-intelligence servers said its auditing firm, Ernst & Young, had resigned.

This post was originally published on this site

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