Super Micro Computer Faces Major Stock Plunge Amid Annual Report Delays
In a startling turn of events, shares of Super Micro Computer Inc. (SMCI) have experienced a significant plunge, marking one of the most dramatic sell-offs in recent years. On Wednesday, the stock saw a decline of up to 24%, as the company announced an unexpected delay in the filing of its annual report on Form 10-K for the fiscal year ending June 30, 2024. This announcement has sent shockwaves through the investment community, raising concerns about the company’s financial reporting and interna...