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- Oh oh this is what makes me the most worried....direct impact on bottom line and nvidia scaling back preferred support? The CEO better think very hard how to bring his house in order. A statement of "no misconduct has been found" without auditor backing coming from the same management accused of it doesn't hold any waterSorry, this post has been deleted
- $SUPER MICRO COMPUTER INC(SMCI)$
Still bullish and really thinking hard if to increase my position at these prices. On one hand this is a Stock battered again and again on bad news and management integrity allegations but on the other side if they can survive the storm and pull out it can be an opportunity...tough choice and risky, I only put in money I am ok to loose given the potential pay back. For me the main concern will be news of customer leaving and them having to scale down operations. - $CleanSpark, Inc.(CLSK)$ Still halted, SEC is closed today for Veteran day. Since they have to validate can be that it only resumes trading tomorrow...meanwhile bitcoin is charting new heights
- $CleanSpark, Inc.(CLSK)$ Halted in aftermarket (T12)...not sure if due to warrant increase >100%, hope something good is cooking
- $SUPER MICRO COMPUTER INC(SMCI)$
Either the management is inept in handling the situation or is stonewalling on the details of the wrongdoing due to top management involvement and possible charges. With the auditor resigning the later is more likely. They had time since July to clarify, identify the culprits and come forward, instead they choose not too making it easy to be targeted and willingly putting their shareholders at risk (!) Top management need to be shaken up, being amongst the top companies to profit from the AI surge, having good connection with Nvidia and then putting all this at risk is just irresponsible. I expect DOJ now to really step up a probe and next a class action lawsuit to follow. Any - Either the management is inept in handling the situation or is stonewalling on the details of the wrongdoing due to top management involvement and possible charges. With the auditor resigning the later is more likely. They had time since July to clarify, identify the culprits and come forward, instead they choose not too making it easy to be targeted and willingly putting their shareholders at risk (!) Top management need to be shaken up, being amongst the top companies to profit from the AI surge, having good connection with Nvidia and then putting all this at risk is just irresponsible. I expect DOJ now to really step up a probe and next a class action lawsuit to follow. Any good news in upcoming earnings will be muted due to erroded trust.Super Micro Shares Plummet as Nasdaq Delisting Looms Amid Ernst & Young Resignation
Super Micro Shares Plummet as Nasdaq Delisting Looms Amid Ernst & Young Resignation
Trading at $28, Super Micro Computer shares dropped a further 15% Thursday following auditor Ernst & Young's resignation amidst ongoing concerns over governance issues. Super Micro joined the S&P 500 in March, but it it fails to provide a compliance plan by Nov. 16, it may be delisted from Nasdaq. For SMCI, which got a non-compliance warning in September, the drop adds to what has been a tumultuous year. Nasdaq has demanded that the business show a correction plan or face delisting, a challenge SMCI has previously encountered after being delisted five years ago.GuruFocus has detected 5 Warning Signs with SMCI.Analyst Vijay Rakesh of Mizuho Securities has maintained a neutral rating and set a price target of $45, expressing some cautious optimism but also showing worries about internal financial controls. Citing issues concerning board independence, governance standards, and internal controls initially surfaced in late July, EY's resignation letter said the company could no longer bac - Where is the connection here taking in what meta, Microsoft, Amazon said in their earnings..rubbish reportStock Track | Taiwan Semiconductor Manufacturing Shares Tumble Amid Concerns Over AI Chip Demand
Stock Track | Taiwan Semiconductor Manufacturing Shares Tumble Amid Concerns Over AI Chip Demand
Shares of Taiwan Semiconductor Manufacturing Co. experienced a significant intraday decline of 5.21% on [movement_time] amid growing concerns over the demand for artificial intelligence chips.The sell-off in TSM stock appears to be driven by reports of protests by cross-border sellers on the e-commerce platform Temu. According to sources, hundreds of sellers have gathered outside Temu's office in Guangzhou, protesting the platform's alleged unreasonable fines and aggressive tactics. This devel - Haha MR D(r)ump opening his mouth again. Green scam again showing his immaturity to actually tackling pressing issues concerning everyone and especially the generations following after he is long gone...Trump Vows Action to End Electric Vehicle "Mandate" on Day One
Trump Vows Action to End Electric Vehicle "Mandate" on Day One
Candidate uses address at RNC to criticize ‘green new scam’Biden has made shift to clean vehicles one of his top goalsFormer President Donald Trump used his nomination speech to take aim at President - I commented yesterday when I saw the news appear. I will try but this is going to be a rant (...sorry). A presidential candidate,also a convicted felon, just opening his mouth and blabbering whatever comes to his mind without thinking it through is just a clear demonstration of narcissistic stupidity. Its sad that besides the two candidates there is no younger blood available? This is really the "best" available?...it does not bode well for the US. Bullying other companies to restrict trade with china (ASML) and then Top it up with such comments. I believe china companies would be more than happy to fill up orders with TSMC and then US companies will do what? Sure they can move some to intel and taking a hit in terms of being the most advanced chips on the market until intel fiTrump Says Taiwan Should Pay for Defence, Sending TSMC Stock Down 3%
Trump Says Taiwan Should Pay for Defence, Sending TSMC Stock Down 3%
(Recasts, adds details) TAIPEI, July 17 (Reuters) - Taiwan should pay the United States for its defence as it does not give the country anything, U.S. Republican presidential candidate Donald Tru
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