Super Micro Computer, Inc. (Nasdaq: SMCI) experienced a 4% drop in premarket trading after a previous surge of over 17%. This volatility is heightened by recent troubling events, including a DOJ investigation into the company's accounting practices and the resignation of its auditor, Ernst & Young. Investors are particularly concerned about the pending filing of its Form 10-K with the SEC. Failure to submit this form within two weeks could lead to the company's delisting from Nasdaq, amplifying investor anxiety ahead of the impending Q2 2025 earnings report.
Shares in Super Micro Computer, Inc. (Nasdaq: SMCI) are down around 4% in premarket trading this morning as of the time of this writing after surging over 17% yesterday. The volatility follows a series of concerning events, including a DOJ investigation and auditor resignation.
Investors are eagerly awaiting news from Super Micro about its delayed Form 10-K filing with the SEC. If not filed within two weeks, the company risks delisting from Nasdaq.
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