Super Micro Computer (SMCI) faces a potential delisting from the Nasdaq due to delays in filing its financial statements. The company has until November 16 to submit a plan for regaining compliance after its auditor, Ernst & Young, resigned in October.
Defiance ETFs CEO and CIO Sylvia Jablonski joins Morning Brief Anchors Seana Smith and Brad Smith to discuss the outlook for Super Micro and its investors.
“They’re in the right place at the right time with the right product and the right ecosystem,” Jablonski said.
The reports are holding the company back because they raise questions about whether the issues come from negligence or fraud, Jablonski explained.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
This post was written by Cindy Mizaku.
