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Accounting firm Ernst & Young resigned as Super Micro Computer's (SMCI) auditor. In a statement to Yahoo Finance, the software manufacturer noted that it currently believes the firm's findings won't "result in any of its quarterly financial results results" for the past fiscal year. SMCI is slated to give an update on its business on Tuesday, November 5, coinciding with the US Election Day.
Julie Hyman and Josh Lipton reports on the latest news on these headlines with Evercore ISI positing that Dell Technologies (DELL) will stand to gain from this.
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This post was written by Luke Carberry Mogan.