Super Micro Stock Plunges As Delisting Fears Rise: What to Know
Super Micro stock continues to slide after the AI company delayed the filing of its quarterly results, which could cause a delisting from the Nasdaq. Here's why.


Super Micro Computer (SMCI) is the worst S&P 500 stock Thursday, extending Wednesday's decline, after the AI server, software and infrastructure firm announced it would delay the filing of its quarterly earnings.
In a filing with the Securities and Exchange Commission (SEC) issued November 12, SMCI said it is unable to file its financial results for its most recent quarter ended September 30 "without unreasonable effort or expense."
The company had previously notified the SEC that it was unable to file its annual report for its year ended June 30, adding to the problems facing SMCI.

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Super Micro said it is "diligently working to select an independent registered public accounting firm" following the resignation of its previous accounting firm, Ernst & Young, on October 24.
In its resignation letter, Ernst & Young said it was "unwilling to be associated with the financial statements prepared by management," according to CNBC.
Will Super Micro get delisted?
The SEC requires publicly traded companies to file annual reports to maintain their listings on U.S. stock exchanges, which SMCI has yet to do for its year ended June 30, 2024.
SMCI has until November 16 to file or submit a plan to the Nasdaq Stock Exchange to regain compliance with its listing rules, according to Barron's. With that deadline just two days away and the company having yet to name an accounting firm, there is rising concern that SMCI will not regain compliance.
So, what will happen to the stock? "You still hold shares, the shares are still traded. They’re traded on the pink sheets [over-the-counter markets]," Wedbush analyst Matthew Bryson told Barron’s.
Here's what Wall Street's saying about Super Micro Computer
Given Super Micro Computer's struggles on and off the price charts – shares are down 77% in the past six months – Wall Street is on the sidelines when it comes to the tech stock.
Of the 12 analysts following the AI stock tracked by S&P Global Market Intelligence, one says it's a Strong Buy, two have it at Buy, seven call it a Hold, and two rate it Sell or Strong Sell. This works out to a consensus recommendation of Hold.
And amid SMCI's troubles, some analysts have washed their hands completely of the stock.
"Given the reputational and financial restatement risks raised by Ernst & Young's resignation as the company's certified public accountant, we have suspended our rating on shares of Super Micro," said Needham analyst Quinn Bolton in a November 6 note.
Related Content
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. Joey holds a bachelor's degree in business administration.
-
A Meteorite May Have Hit a Home in Georgia. Would Insurance Cover the Damage?
In a rare event, a meteorite may have crashed through the roof of a Georgia homeowner. Here’s what home insurance would cover.
-
My Car Was Stolen — Here’s What I Did and How You Can Protect Yourself
Don’t wait until it happens to you. Learn how to prepare for auto theft, protect your vehicle and respond quickly if your car is stolen.
-
Why Smart Retirees Are Ditching Traditional Financial Plans
Financial plans based purely on growth, like the 60/40 portfolio, are built for a different era. Today’s retirees need plans based on real-life risks and goals and that feature these four elements.
-
To My Small Business: Well, I've Been Afraid of Changin', 'Cause I've Built My Life Around You
While thinking about succession planning might feel like anticipating a landslide (here's to you, Fleetwood Mac), there are strategies you can implement to manage the uncertainty and the transition.
-
Stock Market Today: S&P 500, Nasdaq Near New Highs
The S&P 500 hasn't hit a new high since February. It's been since December for the Nasdaq.
-
The Bull Case for the Second Half of 2025
This strategist sees a volatile market segueing to a strong close this year.
-
7 Essential Investing Rules We All Should Know
The best time to start investing is right now. That's just one vital rule investors should be familiar with. Here are six more.
-
These Are the Key Tariff Issues to Watch in Coming Months
While they're not dominating headlines right now, tariffs are not over. Some key dates are coming up fast that could upend markets all over again.
-
Technology Unleashes the Power of Year-Round Tax-Loss Harvesting
Tech advancements have made it possible to continuously monitor and rebalance portfolios, allowing for harvesting losses throughout the year rather than just once a year.
-
The Fiduciary Firewall: An Expert's Five-Step Guide to Honest Financial Planning
Armed with education and awareness, you can avoid unethical people in the financial industry by seeking fee-only fiduciaries and sharing your knowledge with others.