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SMCI Fraud? Super Micro Stock Plunges, Auditor Resigns
Description
I react to and discuss the stock market news that the Super Micro Computer (SMCI) auditor has resigned, surfacing more questions about possible financial and accounting fraud at the high-flying AI-related company. SMCI stock has plunged on the news, after not having a great past few months.
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Referenced video:
Super Micro Auditor Resigns Citing ‘Integrity’ Concerns https://youtu.be/TYEHsM_XWpc
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Disclaimer: I am not a financial adviser and nothing in this content is financial advice. This content is for general education and entertainment purposes only. Do your own analysis and seek professional financial advice before making any investment decision.