Super Micro Computer Stock Plummets as EY Resigns as Company's Auditor
SMCISuper Micro Computer(SMCI) Investopedia·2024-10-30 22:45

Key Takeaways Super Micro Computer shares plunged Wednesday after accounting giant EY resigned as the company's auditor. The accounting firm said it is "unwilling to be associated with the financial statements prepared by management." The resignation comes after months of speculation about Super Micro Computer's accounting practices following a report from short seller Hindenburg research accusing it of "manipulation." Super Micro Computer (SMCI) shares plunged Wednesday after accounting firm EY resigned as ...