Super Micro Computer Inc. experienced a sharp decline in shares this week. The decrease in stock came after the sudden resignation of its accounting firm, Ernst & Young. Supermicro is an American information technology company, aiming to deliver “first-to-market innovation for Enterprise, Cloud, AI, Metaverse, and 5G Telco/Edge IT Infrastructure,” per its website.
Learn what happened with Super Micro’s stock, below.
Supermicro partners with @xAI to power Colossus, the world’s largest AI supercomputer! Our liquid-cooled @NVIDIA HGX Hopper 8-GPU servers will drive the next-gen AI chatbot @Grok.
Watch @ServeTheHome for an exclusive look at the state-of-the-art data center.#xAI #Colossus
— Supermicro (@Supermicro_SMCI) October 28, 2024
What Happened to Super Micro Computer’s Stock?
On October 30, 2024, SMCI’s shares tanked by 30 percent. The company disclosed that its accounting firm and auditor, Ernst & Young (EY) had resigned.
Why Did SMCI’s Shares Decline?
A precise reason for the downfall in …