Super Micro Computer Inc - Donnecommebernard

Super Micro's $50 billion stock collapse highlights the danger of AI hype

October 31, 2024 | angela | Leave a Comment

Super Micro's billion stock collapse highlights the danger of AI hype

The headquarters of Super Micro Computer Inc. in San Jose, California, USA, on Tuesday, January 5, 2021. Bloomberg | Bloomberg | Getty Images In March, Super microcomputer was added to the S&P 500 after an epic rise that boosted the stock by more than 2,000% in two years, eclipsing it Nvidia's Profits. As it turned […]

Super Micro auditor resigns after raising concerns months ago

October 30, 2024 | angela | Leave a Comment

Sopa pictures | Light rocket | Getty Images Great microphones Shares plunged as much as 35% on Wednesday morning after the company announced that its auditor had resigned following months of disagreements with the company over governance and board independence. Ernst & Young said in its resignation letter that it was “unwilling to be associated […]

Super Micro shares fall 12% after the Justice Department reportedly launched an investigation into the company

September 26, 2024 | angela | Leave a Comment

Jaque Silva | SOPA images | Light rocket | Getty Images Super-microcomputer Shares fell more than 12% on Thursday after the Justice Department reportedly launched an investigation into the company, which has been one of the main beneficiaries of the artificial intelligence boom. The investigation is in its early stages, according to a Wall Street […]