The company's auditor resigned and made statements suggesting the integrity of the company's financial statements is questionable.
*Stock prices used were the afternoon prices of Oct. 29, 2024. The video was published on Oct. 31, 2024.
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Why Is Super Micro Stock Crashing, and Is It a Buying Opportunity?
By Parkev Tatevosian, CFA
–
Nov 1, 2024 at 8:18AM
NASDAQ: SMCI
Super Micro Computer
Market Cap
$28B
Today's Change
(-3.43%) -$1.69
Current Price
$47.58
Price as of June 27, 2025, 3:58 p.m. ET
Super Micro Computer is under tremendous pressure to reassure investors of the accuracy of its financial statements.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
Stocks Mentioned
Super Micro Computer
SMCI
$47.58
(-3.43%)
$-1.69
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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