US Stock Market Move | Super Micro Computer, Inc. (SMCI.US) opened with a drop of over 8%, hitting a new low for the year.
On Thursday, Super Micro Computer (SMCI.US) opened dropping more than 8%, hitting a new low for the year, at $18.56.
On Thursday, Super Micro Computer, Inc. (SMCI.US) opened down more than 8%, hitting a new low for the year at $18.56. On the news front, Super Micro Computer, Inc. postponed the submission of its 10-Q quarterly report, stating that they need more time to find a new auditing firm. Jim Cramer commented, "Super Micro Computer is in real trouble because of this delay... I don't know how they will get out of this situation..." Additionally, the company faces the risk of being delisted from NASDAQ, which could result in early repayment of up to $1.72 billion in convertible bonds.
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