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Super Micro Computer’s House of Cards Crumbles: Auditor Exodus Sparks Financial Firestorm!
Super Micro Computer (SMCI) has been facing significant challenges recently, leading to a sharp decline in its stock price. EY had resigned as its auditor deepening investor worries about accounting practices at the artificial intelligence server maker. The Nasdaq-listed shares of the company, best known for making artificial intelligence (AI) servers, lost 47% over the last three days since.