Super Micro Computer Faces Delisting Amid Accounting Scandals

The tech company struggles with financial reporting issues, auditor resignations, and potential loss of major clients.

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.