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Stock spotlight: What's next for Super Micro after auditor EY resigns?
Wednesday was a big day for Super Micro Computer (NASDAQ:SMCI), which plunged over a third in response to its auditor resigning. It added to the worries of alleged financial reporting and governance issues that have cast shadows on the popular AI stock.
SMCI stock price continues to drop: What is happening with Super Micro and EY?
A major selloff of the server company’s shares looks like it may continue into a second day after news broke that its auditor has resigned. Shares in Super Micro Computer, Inc. (Nasdaq: SMCI) have had a roller coaster of a year,
Super Micro Computer’s shares plunge after accounting firm EY resigns
EY resigned after communicating concerns in July over issues like transparency and internal control related to financial reporting.
Super Micro Computer Stock Crashes, Wall Street Concerns Grow
Super Micro's stock plunges after Ernst & Young resigns as auditor, raising concerns about the company's financial stability.
Super Micro’s stock rose 3000% in the AI wave — then its auditor quit, saying it doesn’t trust the management
Auditor Ernst & Young just walked out in the middle of auditing Charles Liang’s tech giant, but Super Micro disagrees with EY’s decision to quit.
Super Micro's $50 billion stock collapse underscores risk of AI hype
In March, Super Micro Computer was added to the S&P 500 after an epic run that lifted the stock by more than 2,000% in two years, dwarfing even Nvidia’s gains.
Super Micro Shares Turn Negative for 2024 After Auditor Resignation
Super Micro Computer Inc. shares turned negative for the year on Thursday, as cascading concerns about the server maker’s finances continued to weigh on the stock.
Why Super Micro Computer Stock Was Falling Again Today
Shares of Super Micro Computer (NASDAQ: SMCI), best known for making artificial intelligence (AI) servers, were sliding for the third straight day today as the fallout from its auditor's resignation continued.
The HR Digest
18h
No Cheating! EY Fires Employees for Taking Multiple Online Trainings
EY fires employees who attended multiple online training simultaneously, which it states is a violation of the company’s ...
13d
on MSN
EY fired staff for an ethical breach after they watched multiple online training courses at the same time
Several of the staff who were fired told the Financial Times that they did not believe they had violated any internal ...
13d
on MSN
EY fired dozens of staff members who attended 2 video training meetings simultaneously
EY has reportedly dismissed a number of U.S. staffers after they were discovered to have attended two training sessions at ...
Accounting Today
17h
EY forms Global AI Advisory Council
Big Four firm Ernst and Young announced the formation of the Global AI Advisory Council, which will act as a sounding board as EY manages the extensive scale of AI deployments.
cfodive
4d
EY firings highlight multitasking, professional training woes
The online training scandal comes about two years after the Securities and Exchange Commission fined EY $100 million for ...
11d
Deloitte and EY trim staff amid slowing demand following years of rapid growth for Big Four firms
The consulting sector is facing falling demand, and Big Four consultancies including EY and Deloitte are shedding staff in ...
Vanguard
1d
EY grooms Nigerian students in tax practice
A global professional services firm, Ernst & Young, EY Nigeria, has commenced ‘Young Tax Professional of the Year’ ...
Accounting Today
7d
EY acquires tech consulting firm
Dignari is a woman-owned firm specializes in digital ID and access management solutions for U.S. government clients.
businesstech.co.za
1h
EY-Parthenon Real-World Strategy Dialogues – BCX CFO Cheryl-Jane Kujenga on allocating capital to innovation
BCX CFO Cheryl-Jane Kujenga reveals the five key areas that innovative organisations focus on, as well as the key imperatives ...
SiliconRepublic
21h
National Broadband Plan halfway to target, EY report finds
Nearly 330,000 premises can now access or pre-order broadband internet in Ireland according to an interim evaluation report made by EY.
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