💨 Abstract

Super Micro Computer, a server manufacturer, reported lower than expected second-quarter sales and profits, due to wait for Nvidia's new chips. The company's auditor, Ernst & Young, unexpectedly resigned last week, causing investor concerns about accounting practices. Super Micro faces delisting from Nasdaq if it doesn't meet deadlines later this month due to this compliance issue.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖