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Ernstandyoung

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business1 year ago•1 min saved

Super Micro Faces Nasdaq Deadline as Stock Volatility Persists

Super Micro Computer's CEO, Charles Liang, assured that the company will meet Nasdaq's February 2025 deadline to file delayed financial reports, addressing delisting concerns. The company faced setbacks after an audit scandal with Ernst & Young, but remains committed to transparency and compliance. Despite these challenges, Super Micro continues to focus on AI infrastructure growth, partnering with Elon Musk's xAI for advanced supercomputing solutions.

via Yahoo Finance|

#ai #business #ernstandyoung

business1 year ago•1 min saved

Super Micro's New Auditor Boosts Stock Amid Nasdaq Delisting Concerns

Super Micro Computer has hired BDO USA as its new auditor after Ernst & Young resigned, risking the company's delisting from Nasdaq due to delayed financial reports. The company aims to comply with Nasdaq's listing requirements by submitting a plan to issue audited financials. This move follows a critical resignation letter from EY, citing issues with Super Micro's management and audit committee. Previously delisted in 2018, Super Micro rejoined Nasdaq in 2020, experiencing significant growth.

via Yahoo Finance|

#bdo #business #ernstandyoung