Stock Track | Super Micro Computer Inc (SMCI) Plummets 9.23% in Pre-Market Amid Concerns Over Potential Nasdaq Delisting and Financial Restatements

Stock Track12-11

Super Micro Computer Inc (SMCI) stock plummeted 9.23% in the pre-market trading session on Wednesday, following an 8.2% drop in the previous day's trading. The steep decline comes amid growing concerns over the company's ability to maintain its listing on the Nasdaq 100 and the potential for financial restatements.

The primary reason for the stock's decline appears to be the uncertainty surrounding Super Micro's delayed financial filings. The company was granted an extension by Nasdaq to file its delayed annual and quarterly reports by February 25, avoiding an immediate threat of delisting. However, investors remain skeptical about the company's ability to meet this new deadline.

Adding to the concerns, there are reports that Super Micro is currently under investigation by the Department of Justice. If the company's delayed filings reveal significant financial restatements or accounting irregularities, it could further exacerbate the sell-off in the stock. Investors are wary of the potential consequences and are taking a cautious stance until more clarity emerges.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1100426404?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-11 22:35","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1100426404","market":"hk","top_or_hot":-1,"title":"Stock Track | Super Micro Computer Inc (SMCI) Plummets 9.23% in Pre-Market Amid Concerns Over Potential Nasdaq Delisting and Financial Restatements","media":"Stock Track","content":"<p>Super Micro Computer Inc (SMCI) stock plummeted 9.23% in the pre-market trading session on Wednesday, following an 8.2% drop in the previous day's trading. The steep decline comes amid growing concerns over the company's ability to maintain its listing on the Nasdaq 100 and the potential for financial restatements.</p>\n\n<p>The primary reason for the stock's decline appears to be the uncertainty surrounding Super Micro's delayed financial filings. The company was granted an extension by Nasdaq to file its delayed annual and quarterly reports by February 25, avoiding an immediate threat of delisting. However, investors remain skeptical about the company's ability to meet this new deadline.</p>\n\n<p>Adding to the concerns, there are reports that Super Micro is currently under investigation by the Department of Justice. If the company's delayed filings reveal significant financial restatements or accounting irregularities, it could further exacerbate the sell-off in the stock. Investors are wary of the potential consequences and are taking a cautious stance until more clarity emerges.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Super Micro Computer Inc (SMCI) Plummets 9.23% in Pre-Market Amid Concerns Over Potential Nasdaq Delisting and Financial Restatements</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Super Micro Computer Inc (SMCI) Plummets 9.23% in Pre-Market Amid Concerns Over Potential Nasdaq Delisting and Financial Restatements\n</h2>\n\n<h4 class=\"meta\">\n\n2024-12-11 22:35 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Super Micro Computer Inc (SMCI) stock plummeted 9.23% in the pre-market trading session on Wednesday, following an 8.2% drop in the previous day's trading. The steep decline comes amid growing ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SMCI","symbol_name":"超微电脑","start_time":0,"source_url":"","article_id":"1100426404","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1100426404","pubTimestamp":1733927750,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Super Micro Computer Inc  stock plummeted 9.23% in the pre-market trading session on Wednesday, following an 8.2% drop in the previous day's trading. The steep decline comes amid growing concerns over the company's ability to maintain its listing on the Nasdaq 100 and the potential for financial restatements.The primary reason for the stock's decline appears to be the uncertainty surrounding Super Micro's delayed financial filings. The company was granted an extension by Nasdaq to file its delay","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SMCI":"超微电脑"},"translate_title":"由于担心纳斯达克可能退市和财务重述，超微计算机公司(SMCI)盘前暴跌9.23%","themeId":"97cd4dc85c9ff0ab762cc17599bdc591","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SMCI":1},"content_text":"Super Micro Computer Inc (SMCI) stock plummeted 9.23% in the pre-market trading session on Wednesday, following an 8.2% drop in the previous day's trading. The steep decline comes amid growing concerns over the company's ability to maintain its listing on the Nasdaq 100 and the potential for financial restatements.\nThe primary reason for the stock's decline appears to be the uncertainty surrounding Super Micro's delayed financial filings. The company was granted an extension by Nasdaq to file its delayed annual and quarterly reports by February 25, avoiding an immediate threat of delisting. However, investors remain skeptical about the company's ability to meet this new deadline.\nAdding to the concerns, there are reports that Super Micro is currently under investigation by the Department of Justice. If the company's delayed filings reveal significant financial restatements or accounting irregularities, it could further exacerbate the sell-off in the stock. Investors are wary of the potential consequences and are taking a cautious stance until more clarity emerges.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1100426404"}