The timing could not have been worse. In what is now being interpreted as a validation of sorts for the recently released short research report against it, Super Micro Computer (SMCI) shares are crashing today after the manufacturer of high-performance servers withheld a critical regulatory filing to allow for additional internal scrutiny of its financial reports. To wit, Super Micro Computer released a press statement just moments ago, announcing that "it will not timely file its Annual Report on Form 10-K for the fiscal year ended June 30, 2024 ..." The statement goes on to note: "Additional time is needed […]
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