Overview

• Super Micro's stock price has plummeted over 80% from its peak earlier this year due to ongoing accounting controversies.
• The company is under scrutiny following accusations of financial mismanagement and a preliminary DOJ investigation.
• Ernst & Young, Super Micro's auditor, resigned in October, increasing the risk of the company missing the Nasdaq compliance deadline.
• Major clients, including NVIDIA, are reportedly redirecting their orders to competitors like Dell and HP Enterprise.
• Super Micro has until November 16 to file its annual report or risk being delisted from the Nasdaq exchange.