SMCI Stock Falls Pre-Market Amid Delisting Concerns
Super Micro Computer Inc.'s stock fell 7.18% in pre-market trading despite CEO Charles Liang's assurances that the company would meet Nasdaq's deadline for overdue financial reports, avoiding delisting. The decline follows J.P. Morgan's underweight rating and a $23 price target, despite strong server orders. Investor confidence has been shaken by an auditing scandal and Ernst & Young's resignation, leading to financial report delays. The stock's volatility reflects ongoing concerns about governance and transparency.
