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With a market cap of $22.6 billion, Super Micro Computer (SMCI) is a key player in the technology sector. It specializes in advanced server solutions, addressing the increasing needs of data centers, cloud computing, artificial intelligence (AI), and edge computing.
Last year, short seller Hindenburg Research alleged the company engaged in “accounting manipulation.” Shortly after, its auditor EY stepped down, citing issues related to internal controls and governance. In response, Super Micro formed a special committee to investigate, which ultimately found no evidence of misconduct. The company has since appointed BDO as its new auditor and is actively working to submit its annual report by Feb. 25 to prevent potential delisting from the Nasdaq Exchange.
