3 Significant Risks That Market Has Yet To Price In For Super Micro Computer

Following an eye-watering rally earlier this year, the SMCI stock has now flipped to YTD declines as it faces continued implications of ongoing accounting woes.
In the latest turn of events, SMCI's auditor, Ernst & Young, has resigned from the engagement. This casts further uncertainties on when investors can expect SMCI's delayed 10-K filing.
In the meantime, SMCI bulls continue to believe that the company's accounting problems and delayed 10-K filing are isolated issues from its technological advantage in capturing AI opportunities.
However, SMCI's delayed 10-K filing alone (even if without material misstatements) has adverse cascading effects on its operations, which are fast approaching yet remain underappreciated by the market at current levels.

JHVEPhoto

The Super Micro Computer stock (NASDAQ:SMCI) has traded down by more than 40% after Ernst & Young (EY) resigned from the audit engagement on October 30. The stock has lost more than 40% of its value over the past

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This casts further uncertainties on when investors can expect SMCI's delayed 10-K filing.</li>\n <li>In the meantime, SMCI bulls continue to believe that the company's accounting problems and delayed 10-K filing are isolated issues from its technological advantage in capturing AI opportunities.</li>\n <li>However, SMCI's delayed 10-K filing alone (even if without material misstatements) has adverse cascading effects on its operations, which are fast approaching yet remain underappreciated by the market at current levels.</li>\n</ul>\n<img src=\"https://static.tigerbbs.com/e678235f3d3a4c30f6900e649543eed9\">\nJHVEPhoto\n\n<div class=\"inline_ad_placeholder\"></div>\nThe Super Micro Computer stock (NASDAQ:<a href=\"https://seekingalpha.com/symbol/SMCI\">SMCI</a>) has traded down by more than 40% after Ernst &amp; Young (EY) <a href=\"https://seekingalpha.com/news/4222850-super-micro-computer-plummets-as-auditor-resigns\">resigned</a> from the audit engagement on October 30. The stock has lost more than 40% of its value over the past</body></html>","htmlText":"<html><head></head><body><ul>\n <li>Following an eye-watering rally earlier this year, the SMCI stock has now flipped to YTD declines as it faces continued implications of ongoing accounting woes.</li>\n <li>In the latest turn of events, SMCI's auditor, Ernst &amp; Young, has resigned from the engagement. This casts further uncertainties on when investors can expect SMCI's delayed 10-K filing.</li>\n <li>In the meantime, SMCI bulls continue to believe that the company's accounting problems and delayed 10-K filing are isolated issues from its technological advantage in capturing AI opportunities.</li>\n <li>However, SMCI's delayed 10-K filing alone (even if without material misstatements) has adverse cascading effects on its operations, which are fast approaching yet remain underappreciated by the market at current levels.</li>\n</ul>\n<img src=\"https://static.tigerbbs.com/e678235f3d3a4c30f6900e649543eed9\">\nJHVEPhoto\n\n<div class=\"inline_ad_placeholder\"></div>\nThe Super Micro Computer stock (NASDAQ:<a href=\"https://seekingalpha.com/symbol/SMCI\">SMCI</a>) has traded down by more than 40% after Ernst &amp; Young (EY) <a href=\"https://seekingalpha.com/news/4222850-super-micro-computer-plummets-as-auditor-resigns\">resigned</a> from the audit engagement on October 30. The stock has lost more than 40% of its value over the past</body></html>","text":"Following an eye-watering rally earlier this year, the SMCI stock has now flipped to YTD declines as it faces continued implications of ongoing accounting woes. In the latest turn of events, SMCI's auditor, Ernst & Young, has resigned from the engagement. This casts further uncertainties on when investors can expect SMCI's delayed 10-K filing. In the meantime, SMCI bulls continue to believe that the company's accounting problems and delayed 10-K filing are isolated issues from its technological advantage in capturing AI opportunities. However, SMCI's delayed 10-K filing alone (even if without material misstatements) has adverse cascading effects on its operations, which are fast approaching yet remain underappreciated by the market at current levels. JHVEPhoto The Super Micro Computer stock (NASDAQ:SMCI) has traded down by more than 40% after Ernst & Young (EY) resigned from the audit engagement on October 30. The stock has lost more than 40% of its value over the past","highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/369142287786072","repostId":0,"isVote":1,"tweetType":1,"viewCount":1,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["WRD"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":831,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/369142287786072"}