Photo: Bloomberg (Getty Images) In This Story Despite the turmoil in the stock market caused by persistent inflation, shares of Super Micro Computer (SMCI+2.98%) rose Wednesday morning as the chipmaker’s earnings report highlighted a positive outlook regarding its delayed annual report and announced an ambitious goal for 2026. Coca-Cola considers a return to plastic bottles…
Photo: Michael M. Santiago (Getty Images) The Dow Jones Industrial Average fell more than 250 points Thursday mid-morning, alongside sharp Nasdaq and S&P 500 declines, following earnings reports from Microsoft (MSFT) and Meta (META), as both tech giants grapple with challenges in meeting the surging demand for AI. Meta stock fell about 3% in Thursday…
All eyes are on Big Tech stocks as two “Magnificent Seven” giants, Amazon (AMZN) and Apple (AAPL), alongside semiconductor player Intel, prepare to unveil their quarterly results after market close. Another stock in focus is Super Micro Computer (SMCI), whose stock tumbled nearly 14% after Ernst & Young resigned as the company’s auditor. The move…
Trading at $28, Super Micro Computer (NASDAQ:SMCI) shares dropped a further 15% Thursday following auditor Ernst & Young’s (EY) resignation amidst ongoing concerns over governance issues. Super Micro joined the S&P 500 in March, but it it fails to provide a compliance plan by Nov. 16, it may be delisted from Nasdaq. For SMCI, which…
Super Micro Analyst Suspends Rating Over Governance, Accounting Issues Super Micro Computer, Inc (NASDAQ:SMCI) stock continued to fall on Thursday after Rosenblatt analyst Hans Mosesmann suspended his rating on the artificial intelligence server company, citing governance and accounting concerns following Ernst & Young’s resignation as the company’s auditor. Mosesmann noted that Ernst & Young resigned…