Saturday, 30 August, 2025
Super Micro Shares Drop Nearly 5% Amid Financial Control Warnings
Super Micro Computer’s stock fell nearly 5% following a regulatory filing reiterating internal control weaknesses over its financial reporting that could "adversely affect" timely and accurate results. The company had previously missed deadlines and lost its auditor, Ernst & Young, amid governance concerns. Despite completing the delayed annual report earlier this year, investor confidence wavered, potentially erasing over $1 billion in market value.
Read full story at Economic Times