Market
What will be Super Micro Computer's market cap ranking among tech companies by end of 2025?
Top 10 • 25%
Top 20 • 25%
Top 50 • 25%
Below Top 50 • 25%
Official market capitalization data from financial databases or news outlets
Story
Super Micro Computer (SMCI) Shares Surge 30% After Review Finds No Misconduct; CFO Replacement Announced
Dec 2, 2024, 02:19 PM
Super Micro Computer Inc. (SMCI) announced that an independent special committee review found no evidence of misconduct by management or the board. The company does not expect to restate its reported financials. The review, supported by outside counsel Cooley LLP and forensic accounting firm Secretariat Advisors LLC, determined that the resignation of the company's former auditor, Ernst & Young LLP (EY), was not supported by the findings. Super Micro Computer plans to enhance its corporate governance by appointing new top financial leadership, including a new Chief Financial Officer, Chief Accounting Officer, and Chief Compliance Officer, to support its rapid growth in the AI and cloud markets. Following the news, the company's stock surged by as much as 30% during trading.
View original story
Similar markets
Top 20% • 25%
Top 10% • 25%
Below Top 30% • 25%
Top 30% • 25%
Outside top 20 • 25%
Top 20 player • 25%
Top 10 player • 25%
Top 5 player • 25%
2nd • 25%
1st • 25%
4th or lower • 25%
3rd • 25%
Top 5 • 25%
Outside Top 10 • 25%
Top 3 • 25%
Top 10 • 25%
4th or lower • 25%
3rd • 25%
2nd • 25%
1st • 25%
Top Performer • 25%
Below Top Three • 25%
Third Best Performer • 25%
Second Best Performer • 25%
$40 to $45 • 25%
Above $50 • 25%
$45 to $50 • 25%
Below $40 • 25%
3rd • 25%
4th or lower • 25%
1st • 25%
2nd • 25%
3rd • 25%
2nd • 25%
1st • 25%
4th or lower • 25%