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AI FRAUD ALERT: $SMCI COLLAPSES AFTER AUDITOR RESIGNS

Shares of $SMCI plunged today after their auditor Ernst and Young resigned. This coming after the company fired Deloitte back in March of 2023 raises some serious eyebrows and in my opinion means the death of the company. But on that news, competitors $DELL and $HPE ripped higher and all is well in AI cloud world again, except for the fact that $SMCI might have been committing wanton acts of FRAUD.

I view this event in the most sanguine of ways: part and parcel of the market. You are going to have these unfortunate events and maybe just maybe it’ll create an atmosphere of trust in the industry, once $SMCI is buried.

I view any pullback in the space due to this event as a buying opportunity.

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