US Stock Market Move | Delay in submission of 10-Q quarterly report causes Super Micro Computer, Inc. (SMCI.US) to drop nearly 4%.

On Wednesday, Super Micro Computer, Inc. (SMCI.US) opened weaker, approaching last week's low, falling nearly 4% to $20.85 at the time of publication. On the news front, Super Micro Computer, Inc. stated that due to ongoing delays in submitting its annual report, the company was unable to timely file its quarterly 10-Q report for the period ending September 30, 2024. The company mentioned that a special committee of the board had completed an investigation based on a series of preliminary concerns raised by its former audit firm, Ernst & Young. The committee has other work in progress, but expects the review to be concluded shortly.