SMCI stock price continues to drop: What is happening with Super Micro and EY?
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A major selloff of the server company’s shares looks like it may continue into a second day after news broke that its auditor has resigned.
Shares in Super Micro Computer, Inc. (Nasdaq: SMCI) have had a roller coaster of a year, but yesterday the company’s stock price took one of its worst beatings in recent memory. SMCI shares fell over 32% after news that the server company’s auditor, Ernst & Young (EY), resigned last week. Here’s what you need to know about Super Micro Computer’s stock plunge.