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.
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
$25B
Today's Change
(-1.67%) $0.70
Current Price
$41.33
Price as of November 6, 2025 at 11:53 AM ET
Super Micro Computer is under tremendous pressure to reassure investors of the accuracy of its financial statements.
About the Author
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.