Delisting suspense + market cap falls below the index threshold, super micro computer rings the alarm for speculation on US stock AI.
①After Ernst & Young resigned, if Super Micro Computer fails to submit the audit annual report on time, it will be delisted by NASDAQ exchange again; ②After two consecutive days of large declines, the company's market cap has fallen below the $18 billion threshold of s&p 500; ③The company will release the latest unaudited financial report on the day of the US election on November 5th.
Express News | Guo Mingji: The possibility of super micro computer being suspended or delisted is increasing.
Don't Fret the Tech Tumble. Instead, Be Prepared to Buy the Dip
Super micro computer sales plunged in two days, Guo Mingchi: the chance of the worst outcome is increasing, not ruling out the possibility of mergers and acquisitions.
Currently, the market cap of the super micro computer has fallen below the threshold of the s&p 500 index market cap, and because the annual report has not been submitted for a long time, with the resignation of the auditor, the company also faces even greater delisting risks.
Transaction volume TOP20 | US chip stocks collectively fell, nvidia fell nearly 5%; super micro computer, DJT continued to fall, both down nearly 12%
On Thursday, nvidia ranked first in trading volume in the US stock market, falling by 4.72% with a turnover of $36.041 billion. Microsoft, ranking second, fell by 6.05%, marking the largest single-day decline in two years, with a turnover of $22.035 billion. Tesla, in third place, fell by 2.99%, with a turnover of $16.799 billion.
US stocks closed: All 'Seven Giants' suffered heavy losses, with the S&P and Nasdaq posting their largest declines in nearly two months.
1. PHLX Semiconductor Index fell more than 4%; 2. The China concept stock Jinlong Index fell by 1.3%; 3. Apple's Greater China revenue fell short of expectations; 4. Guo Mingchi: the possibility of Super Micro Computer being suspended or delisted is increasing.