Although a special independent committee appointed by Super Micro Computer's (SMCI) board found no misconduct, JPMorgan remains cautious. The investment firm stated it would maintain a "neutral" stance on SMCI until compliance issues are better understood. Analyst Samik Chatterjee upheld the "underweight" rating on the stock.Chatterjee noted, "Key issues investors should focus on include whether the new independent auditor, BDO, accepts the findings of the special committee or opts to conduct its own review, and whether Nasdaq supports SMCI's request for an extension to regain compliance with listing requirements. SMCI has outlined plans to file its 10-K and 10-Q reports within the compliance deadline."On Monday, SMCI stated that the independent committee found no evidence of misconduct by
SMCI Drops After NDX Removal: Can It Recover?
SMCI drops 8% after its removal from NDX. ------------------ Can it recover or head down under $30? What's your target price for SMCI?
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