Tech
Super Micro shares dip after AI server maker flags financial control concerns
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Super Micro Computer‘s shares fell nearly 5% on Friday after the artificial intelligence-optimised server maker reiterated weaknesses in internal control over financial reporting.
The company disclosed in a regulatory filing on Thursday that unresolved issues could “adversely affect” its ability to report results of operations in a timely and accurate manner.
In its annual report for the fiscal year ended June 30, Super Micro repeated similar statements from its May quarterly filing, adding that it was working to address the problems.
Last year, the San…
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