Super Micro Computer Faces Delisting Risks Amid Auditor Resignation

The server maker struggles with financial reporting delays and governance issues, leading to potential Nasdaq delisting.

Super Micro Computer's stock has plummeted nearly 80% from its peak amid ongoing financial and governance controversies.
The company failed to file its annual report by the August deadline, prompting a warning from Nasdaq about potential delisting if compliance is not restored by mid-November.
Ernst & Young, the company's auditor, resigned citing concerns over governance and financial transparency, exacerbating investor fears.
A special committee investigation found no evidence of fraud, but Super Micro still faces scrutiny from the Department of Justice over alleged accounting misconduct.
Nvidia, a key partner, is reportedly redirecting orders away from Super Micro, impacting the company's business relationships and future revenue prospects.