SuperMicro’s CEO “confident” company won’t get delisted
Traders were unimpressed with Super Micro Computer CEO Charles Liang’s assertion that that he was “confident” the company’s shares won’t be delisted from the Nasdaq exchange for a failure to disclose financials. Liang spoke to reporters at a Reuters event in New York Tuesday, according to Barron’s.
SuperMicro has had a remarkably turbulent 2024.
The stock was sitting on gains of more than 300% by early March, before losing almost all those gains amid questions about accounting at the server maker. The company recently got an extension until February 25 to file its delayed annual and quarterly reports.
SuperMicro was the worst-performing stock in the S&P 500 in early trading on Wednesday.
The stock was sitting on gains of more than 300% by early March, before losing almost all those gains amid questions about accounting at the server maker. The company recently got an extension until February 25 to file its delayed annual and quarterly reports.
SuperMicro was the worst-performing stock in the S&P 500 in early trading on Wednesday.
