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.
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.
How Bad Is This News for Super Micro Computer?
ETF tracking | Volatility double long ETF rose by 16%; Leveraged long ETF for super micro computer plummeted over 70% in two days
On Thursday, October 31, the three major stock indexes in the United States all fell. The s&p 500 index closed down 108.22 points, a decrease of 1.86%, to 5705.45 points. The October cumulative decline was 0.99, ending the continuous rise since May. The dow jones industrial average fell 378.08 points, a decrease of 0.90%, to 41763.46 points. The October cumulative decline was 1.34%, ending the uptrend since May. The nasdaq composite index, mainly composed of technology stocks, also closed lower.
AI myth collapsing? super micro computer facing the risk of delisting, stock price has already hit a high point "knee chop".
Market cap has fallen below the s&p 500 index threshold.
Don't Fret the Tech Tumble. Instead, Be Prepared to Buy the Dip