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Stock Track | SUPER MICRO COMPUTER Plunges 34% as Auditor Resigns Over Governance Concerns

Shares of SUPER MICRO COMPUTER INC plummeted over 34% in pre-market trading on Tuesday, after the company's auditor Ernst & Young (E&Y) abruptly resigned, citing concerns over governance, transparency, and the ability to rely on representations from management and the audit committee.According to a filing by SMCI, E&Y sent a resignation letter to the company's audit committee on October 24th, while conducting the audit for fiscal year 2024 - their first audit for the company. E&Y stated that in

Stock Track | SUPER MICRO COMPUTER Plunges 34% as Auditor Resigns Over Governance Concerns

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