Super Micro Stock Plummets 30% After Auditor Resignation Amid Governance Concerns

Super Micro Computer, Inc. saw its stock price plunge 30% on October 30, 2024, following the resignation of its auditor, Ernst & Young, amid serious governance and accounting concerns. This dramatic shift raises alarms for investors, especially as the company faces federal investigations and scrutiny over its internal controls. With a history of regulatory challenges, Super Micro’s ability to regain investor confidence is now in question.