Super Micro Computer Has a New Auditor. Is It Safe to Buy the Stock Now?

Super Micro Computer (NASDAQ: SMCI) stock has been on a roller-coaster ride in recent months. The tech stock has quickly gone from a hot artificial intelligence (AI) play to becoming a risky investment that may not only get the boot from the S&P 500, but could also end up getting delisted. Over the past six months, the company has lost nearly 60% of its market value.But since the tech company announced a new auditor in BDO (the previous one resigned over concerns relating to internal controls), there appears to be hope. While the stock is still a long way from recouping those significant losses, the market does appear to be more optimistic. So the question is: Is it safe to invest in Super Micro stock again?Super Micro Computer's annual report, its 10-K filing, was due on Aug. 29, and the company has yet to file it. Providing audited financials can take time for a company, especially when the auditor is new, as opposed to an auditor who is already familiar with the business. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool