With the auditor's resignation

With the auditor's resignation and ongoing investigations by the Department of Justice, it's hard to see a bottom in sight for SMCI's stock price. The stock has already plunged nearly 30% following the news, and as more information comes to light, investor confidence is likely to erode further. The company's history of financial mismanagement and the recent allegations suggest that the downward trend will continue, making it a risky bet for any investor.
Given the current situation, SMCI is not worth investing in. The company's financial troubles, coupled with the lack of transparency and accountability, make it a high-risk investment. Until there are significant changes in management and a clear plan to address the issues, it's best to steer clear of SMCI. Investors should look for companies with stronger governance and a more stable financial outlook.

SMCI Drops After NDX Removal: Can It Recover?

SMCI drops 8% after its removal from NDX. ------------------ Can it recover or head down under $30? What's your target price for SMCI?

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.

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The stock has already plunged nearly 30% following the news, and as more information comes to light, investor confidence is likely to erode further. The company's history of financial mismanagement and the recent allegations suggest that the downward trend will continue, making it a risky bet for any investor.\n<br>\nGiven the current situation, SMCI is not worth investing in. The company's financial troubles, coupled with the lack of transparency and accountability, make it a high-risk investment. Until there are significant changes in management and a clear plan to address the issues, it's best to steer clear of SMCI. Investors should look for companies with stronger governance and a more stable financial outlook.</body></html>","text":"With the auditor's resignation and ongoing investigations by the Department of Justice, it's hard to see a bottom in sight for SMCI's stock price. The stock has already plunged nearly 30% following the news, and as more information comes to light, investor confidence is likely to erode further. The company's history of financial mismanagement and the recent allegations suggest that the downward trend will continue, making it a risky bet for any investor. Given the current situation, SMCI is not worth investing in. The company's financial troubles, coupled with the lack of transparency and accountability, make it a high-risk investment. Until there are significant changes in management and a clear plan to address the issues, it's best to steer clear of SMCI. 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