Super Micro Computer stock plunges after EY resignation

#microcomputers #supermicro #yahoofinance

Super Micro Computer (SMCI) stock plunges in Wednesday trading — falling over 30% at the time of this video's posting — after accounting firm Ernst & Young resigned as the server manufacturer's auditor. Seana Smith and Josh Schafer dive into the known details of this event, referencing an earlier Hindenburg Research from September that alleged accounting practice violations. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Luke Carberry Mogan.

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