The resignation of its auditor sent Supermicro shares plummeting.The saga around Super Micro Computer (SMCI -0.08%) continued with the stock plunging on news that its auditor has resigned. The stock has bounced around like a ping-pong ball this year, with a number of extreme moves to both the upside and downside. Now the stock is down 9% year to date.Let's take a closer look at some of recent drama around the stock and see if we can determine whether the stock is a buy or if it best to just stay away.Questi ...

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 pastAnalyst’s Disclosure: I/we have a beneficial short position in the shares of SMCI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business ...

Results from Super Micro Computer Inc (NASDAQ:SMCI) are due on Wednesday but the performance of the server manufacturers and Nvidia's third-largest customer is likely to "take a back seat" to other concerns, analysts say.   Shares in Super Micro lost over 45% of their value last week after Ernst and Young resigned as its auditor, taking the decline in the shares to almost 70% over six months, following a Wall Street Journal report about the launch of a Department of Justice investigation, a warning in Septe ...

文章核心观点 - 半导体公司在过去两年中表现出色,这主要归功于人工智能广泛应用的革命性潜力 [1] - 英伟达(NVDA)股价今年迄今上涨188.08%,但近期由于市场不确定性而下跌3.61% [1] - 英伟达目前市值约占美国GDP的12%,市场对其估值存在担忧,如果人工智能确实处于泡沫之中,英伟达可能会面临大幅调整 [1] 根据相关目录分别进行总结 英伟达面临的风险因素 - 超微电脑(SMCI)可能被除牌,这可能导致英伟达股价下跌,但英伟达已采取措施预防此类情况发生 [2][3] - 英伟达的收入高度集中,46%的收入来自4个客户,其中一个客户占总收入的17%和13% [4] - 分析显示,超微电脑占英伟达收入的近9% [4] - 超微电脑因会计欺诈和不合规问题而延迟提交年报,导致其股价大跌 [5] 英伟达应对措施 - 英伟达正在将订单从超微电脑转移到其他关键客户 [7] - 尽管存在超微电脑可能被除牌的风险,但英伟达的最新一代芯片需求"疯狂",预计2025年人工智能相关支出将持续增加,英伟达可以弥补超微电脑的损失 [8]

文章核心观点 - 人工智能(AI)服务器制造商Supermicro公司近期遭遇多重争议和指控,导致其股价大跌[1] - 公司此前曾因会计违规问题受到证券交易委员会(SEC)的指控和处罚[3][4] - 做空机构Hindenburg Research发布报告,指控公司存在持续的不当会计行为和违反制裁的行为[5][6] - 司法部(DOJ)已介入调查公司,公司的审计公司Ernst & Young(EY)也宣布终止与公司的合作关系[9][11] 公司概况 - Supermicro是一家人工智能(AI)服务器制造商[1] - 公司曾因会计违规问题受到证券交易委员会(SEC)的指控和处罚,包括不当和过早地报告收入,以及滥用营销项目规避成本确认等[4] - 公司随后与SEC达成和解,支付1750万美元罚款[4] 近期争议 - 做空机构Hindenburg Research发布报告,指控公司存在持续的不当会计行为,如重新聘用曾卷入会计丑闻的高管,以及与CEO兄弟公司存在"奇怪的循环关系"等[5][6] - Hindenburg还指控公司在乌克兰冲突后仍与俄罗斯做生意,违反美国制裁[6] - 公司随后再次延迟提交SEC要求的财报[8] 监管调查 - 司法部(DOJ)已介入调查公司,并与一名举报人接触[9] - 公司的审计公司Ernst & Young(EY)也宣布终止与公司的合作关系,称无法再依赖管理层的陈述,无法按照适用法律或专业义务履行职责[11] - EY此前曾就内部控制和会计实践向公司管理层提出过担忧[11]

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文章核心观点 - 超微电脑公司(SMCI)近期会计问题引发投资者担忧,导致股价大幅下跌 [1][2][3][10] - 公司面临被纳斯达克除牌的风险,需在2025年2月底前解决会计问题并重新获得合规 [7][8] - 公司未来能否复苏很大程度上取决于是否能够聘请新的审计师、改善内部控制和提高财务透明度 [6] 公司概况 - 公司主营人工智能(AI)硬件业务,近期在该领域有所突破 [2] - 公司股价在过去5年内出现大涨,但最近出现下跌趋势,投资者信心下降 [3] 会计问题 - 公司审计师安永会计师事务所辞职,引发公司治理、透明度、内部控制等问题 [1] - 公司被做空机构指控存在"会计操纵",导致股价短期下挫 [10] - 公司需在2023年11月16日前提交整改计划,并在2025年2月底前完成10-K报告的申报和重新获得合规 [8] 未来展望 - 如果公司能够解决内部问题,聘请新的审计师并提高财务透明度,有望在2025年初实现股价复苏 [6] - 但如果内部问题持续,股价可能会一直下跌到2025年底 [6] - 公司即将发布的2023年第一季度财报表现将是投资者关注的重点,如果业绩和指引超预期,可能会带来正面信号 [11][12]

文章核心观点 - 超微计算机公司(Super Micro Computer)的股价连续三天下跌,下跌幅度达47% [1][2][5] - 公司的会计师事务所Ernst & Young(EY)突然辞职,原因是无法依赖管理层的陈述,不愿意与公司的财务报表挂钩 [3][4] - 公司推迟了10-K报告的提交,并遭受了做空机构Hindenberg Research的攻击 [2][5] - 公司即将在周二盘后发布第一季度财报,如果无法令投资者满意地解释EY离职的原因并明确10-K报告的完成时间,股价可能会进一步下跌 [6] 公司相关 - 公司称不预计需要重述任何季度报告,但EY在审计过程中与公司管理层就内部控制框架的遵守等问题产生分歧 [3][4] - 公司表示不同意EY的决定,但股价大跌并不令人意外,因为EY以这种方式辞职是非常罕见的 [5] 行业相关 - 公司主要从事人工智能(AI)服务器的制造 [1]

Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. The trade show runs through June 7.Super Micro investors continued to rush the exits on Friday, pushing the stock down another 9% and bringing this week's selloff to 44%, after the data center company lost its second auditor in less than two years.The company's shares fell as low as $26.23, wiping out all of the gains for 2024. Shares had peaked at $118.81 in Mar ...

In my last piece on Super Micro Computer, Inc. (NASDAQ: SMCI ) I suggested that the SMCI had a favorable risk/reward relationship and that the technical picture of Super Micro looked compelling for investors with a contrarian bent.A financial researcher and avid investor with a keen eye for innovation and disruption, as well as growth buy-outs and value stocks. Keeping an eye on the pace of high tech and early growth companies, I write about current events and the biggest news surrounding the industry, and ...