US Stock Market Move | Audit firm stated that the relevant defects of Super Micro Computer, Inc. (SMCI.US) have not yet been substantively repaired, leading to a drop of over 8%.
On Thursday, Super Micro Computer Inc. (SMCI.US) fell more than 8%, closing at $46.70.
On Thursday, Super Micro Computer, Inc. (SMCI.US) fell over 8%, closing at $46.70. On the news front, the company recently submitted the delayed 10-K annual report for the 2024 fiscal year and the 10-Q quarterly reports for the first and second quarters of the 2025 fiscal year. With the delivery of the Nasdaq compliance letter, the financial disclosure crisis that has plagued this leading AI server company for months has been temporarily resolved. However, the auditing firm has pointed out that as of June 30, 2024, Super Micro Computer, Inc.'s internal financial controls are still "ineffective" and the company has not yet substantially addressed the related deficiencies.
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