Discussion

• @barbariancap @barbariancap on x

  print this out and put this in the Louvre [image]

• @danielnewmanuv Daniel Newman on x

  When a Big 4 auditor drops you as a client due to accounting integrity issues you can be almost certain it is worse than what is being reported. These firms usually don't give up big clients unless it is dire (think Arthur Andersen + Enron) Is it that bad at Supermicro? To be

• @brodyford_ Brody Ford on x

  New: Auditor EY dropped Super Micro as a client, citing concerns over integrity. Tough look for the AI server maker which is under Fed investigation for accounting practices. $SMCI https://www.bloomberg.com/...

• @matthewstoller Matt Stoller on x

  The fraud at Super Micro should be worrisome for the whole AI space. $SMCI https://www.cnbc.com/...

• @morningbrew @morningbrew on x

  Details from EY's letter of resignation are spicy: Straight up saying they want nothing to do with Super Micro's financial statements. Sheesh. [image]

• @followtheh Tom Hearden on x

  Fellas is it bad when your auditor fires you? *SUPER MICRO COMPUTER: ERNST & YOUNG SENT LETTER OF RESIGNATION

• @nkulw Noah Kulwin on x

  Bloomberg vindicated??? [image]

• @rivertamydn @rivertamydn on x

  E&Y said they ain't gonna be Arthur Andersened.

• @garyhaubold Gary Haubold on x

  The addition of $SMCI Super Micro Computer to the S&P 500 back in March 2024 wasn't good timing, in hindsight:

• @jyarow Jay Yarow on x

  Going to start an activist campaign against the managers of the S&P 500 for adding Super Micro to the index. https://www.cnbc.com/...

• @natehindenburg Nate Anderson on x

  As far as auditor statements go, E&Y's $SMCI resignation letter is about as strongly worded as I have seen. The next question may be: What does Nvidia do about a client whose auditor suggests they lack “a commitment to integrity and ethical values”? “We can no longer provide

• r/Accounting r on reddit

  EY resigns as Super Mico's auditor