RE: LeoThread 2024-11-16 03:13

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A spokesperson told CNBC the company "intends to take all necessary steps to achieve compliance with the Nasdaq continued listing requirements as soon as possible."

While the delisting issue mainly affects the stock, it could also hurt Super Micro's reputation and standing with its customers, who may prefer to simply avoid the drama and buy AI servers from rivals such as Dell or HPE.

"Given that Super Micro's accounting concerns have become more acute since Super Micro's quarter ended, its weakness could ultimately benefit Dell more in the coming quarter," Bernstein analyst Toni Sacconaghi wrote in a note this week.

leofinance
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yes if the delisting happen, definitely investors would get scared and not invest. But the worst would be the customers that wouldn't want to continue doing business with them

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Fraud, might even be treason. Lots of rumors that they smuggled NVIDIA chips to China despite the ban.

In addition, a few years back, they were at the center of the potential chips listening in Cloud Centers...

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