- SMCI’s appointment of BDO as its independent auditor significantly reduces Nasdaq delisting fears and restores investor confidence.
- BDO’s engagement follows detailed due diligence, indicating SMCI’s financials lack material misstatements severe enough for rejection.
- SMCI must file FY2024 and Q1 FY2025 financials by early 2025 to maintain its Nasdaq listing.
- Cases like Marvell Technology demonstrate how a reputable auditor can restore compliance and investor trust during governance crises.
- SMCI’s robust position in the AI infrastructure market positions it for growth once governance issues are fully resolved.
Investment Thesis
The recent appointment of BDO USA as Super Micro Computer’s (NASDAQ:SMCI) independent auditor aligns closely with the second forecasted scenario in our earlier analysis. In this scenario, we anticipated the appointment of a reputable. Yiannis Zourmpanos, founder of Yiazou IQ, an AI-driven stock research platform providing all-in-one stock reports. Experience: Previously worked at Deloitte and KPMG in external/internal auditing and consulting. Education: Chartered Certified Accountant, Fellow Member of ACCA Global, with BSc and MSc degrees from U.K. business schools. Investment Style: We focus on GARP/Value stocks—high-quality, reasonably priced businesses with strong moats and significant growth potential. We prioritize fundamentals and seek stocks trading at a discount to intrinsic value, with a clear margin of safety. Our long-term approach (5-7 years) aims for wealth accumulation through compounding while emphasizing downside protection and sometimes taking contrarian views during market uncertainties.
