Super Micro Shares Turn Negative for 2024 After Auditor Resignation.

Super Micro Computer Inc. shares have turned negative for the year following the resignation of its auditor, Ernst & Young LLP, due to concerns about governance and transparency. The stock fell 16% in one day and has plummeted by more than 75% since reaching a peak in March. Despite these challenges, analyst Jim Kelleher remains optimistic about the company's long-term prospects, awaiting resolution of issues with a new accounting firm and the US Department of Justice probe. [Extracted from the article]