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02-19

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01-23

No idea what the hell thus article is talking what type if AI are they going to do or use which will bring value

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2024-11-05

All these becos of misclassication of services to hardware cat revenue .....

Super Micro Needs a New CEO Before Its AI Advantage Erodes

2024-11-05

Smci are customers of Nvidia , this article Is saying the other way round . Is this article ai generated validated ?

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2023-12-21

Oil will not spike as shoal oil Producers will come in and overproduce again like in 2014 oil colllapse as interest rate cuts by federal reserve . Most shoal oil producers in us are borrowers .

2023-12-21

$Tiger Brokers(TIGR)$ Merry Christmas!!

2023-12-21

$Tiger Brokers(TIGR)$ Merry Christmas

2022-08-14

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How to Make 300% in the Stock Market Without Really Trying

2022-03-08

Hm

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2021-07-28

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href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a> g","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a> g","text":"$Tiger Brokers(TIGR)$ g","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/405243417195128","isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":395754515677216,"gmtCreate":1737644884092,"gmtModify":1737644887245,"author":{"id":"4087913319322160","authorId":"4087913319322160","name":"Skysoul","avatar":"https://community-static.tradeup.com/news/05ee5fc56ed6316e2022e2bdcf350781","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087913319322160","authorIdStr":"4087913319322160"},"themes":[],"htmlText":"No idea what the hell thus article is talking what type if AI are they going to do or use which will bring value&nbsp;","listText":"No idea what the hell thus article is talking what type if AI are they going to do or use which will bring value&nbsp;","text":"No idea what the hell thus article is talking what type if AI are they going to do or use which will bring value","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/395754515677216","repostId":"2505846090","repostType":2,"isVote":1,"tweetType":1,"viewCount":355,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":367731589152872,"gmtCreate":1730796065975,"gmtModify":1730796070098,"author":{"id":"4087913319322160","authorId":"4087913319322160","name":"Skysoul","avatar":"https://community-static.tradeup.com/news/05ee5fc56ed6316e2022e2bdcf350781","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087913319322160","authorIdStr":"4087913319322160"},"themes":[],"htmlText":"All these becos of misclassication of services to hardware cat revenue .....","listText":"All these becos of misclassication of services to hardware cat revenue .....","text":"All these becos of misclassication of services to hardware cat revenue .....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/367731589152872","repostId":"2481670835","repostType":2,"repost":{"id":"2481670835","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1730794271,"share":"https://ttm.financial/m/news/2481670835?lang=&edition=full_marsco","pubTime":"2024-11-05 16:11","market":"nz","language":"en","title":"Super Micro Needs a New CEO Before Its AI Advantage Erodes","url":"https://stock-news.laohu8.com/highlight/detail?id=2481670835","media":"Dow Jones","summary":"The AI-server maker needs change at the top to recapture the trust of investors and customers. Super Micro Computer Inc. was an early beneficiary of the artificial-intelligence boom. But with the server maker under an accounting cloud, Super Micro now needs its chief executive to step down so it can fully realize the benefits of that trend.Last week, the abrupt resignation of the company's auditors Ernst & Young marked the second time in six years under Chief Executive Charles Liang's leadership that Super Micro has been accused by of improper internal financial controls. The company faces the possibility of a second delisting, as it delayed and still has not yet filed its annual report for fiscal 2024.Liang co-founded Super Micro with his wife, Sara Liu, who is described in the company's last annual report from fiscal 2023 as senior vice president and director, and h","content":"<html><head></head><body><p>Super Micro Computer Inc. was an early beneficiary of the artificial-intelligence boom. But with the server maker under an accounting cloud, Super Micro now needs its chief executive to step down so it can fully realize the benefits of that trend.</p><p>Last week, the abrupt resignation of the company&#39;s auditors Ernst &amp; Young marked the second time in six years under Chief Executive Charles Liang&#39;s leadership that Super Micro has been accused by of improper internal financial controls. The company faces the possibility of a second delisting, as it delayed and still has not yet filed its annual report for fiscal 2024.</p><p>Deloitte &amp; Touche&#39;s last audit of the company took place in fiscal 2023, and Super Micro <a href=\"https://laohu8.com/S/SMCI\">$(SMCI)$</a> asked shareholders to ratify EY as its new auditors at its 2023 annual meeting. One accounting expert, Francine McKenna, said that it is going to be tough for the company to find another auditor among the remaining Big Four accounting firms that Super Micro has not worked with. The remaining two, KPMG and PWC, would likely want big management changes at the top, such as the resignation of the CEO and possibly the CFO, and a new audit committee, according to McKenna, a former MarketWatch reporter.</p><p>&#34;They are obviously a very complex, problematic, recidivist, high-profile company,&#34; McKenna said. &#34;They have allegations by the DOJ, they have an activist short-seller report. Is another Big Four, either KPMG or PWC, going to take them on?&#34;</p><p>One precedent cited by McKenna, who writes The Dig, a newsletter on accounting, audit and corporate governance, comes from 2004, when electronics components maker Molex&#39;s outside auditor resigned in another so-called noisy resignation. Ernst &amp; Young took over as Molex&#39;s auditors in 2004 on the condition that its CEO and CFO resign.</p><p>The clock is ticking for Super Micro to find a new auditor as the company has until Nov. 16 to submit a plan on its timeline to file its annual report, which has to be approved by the Nasdaq. The company will be hosting a business update call on Tuesday, but it will not release earnings.</p><p>More recently, there was a similar situation in 2016 at Marvell Technology Inc. <a href=\"https://laohu8.com/S/MRVL\">$(MRVL)$</a>, which fired its co-founding husband-and-wife team, CEO Sehat Sutardja and President Weili Dai, after accounting issues led to an audit-committee investigation into its revenue-recognition policies, and probes by regulators. The co-founders remained on Marvell&#39;s board at the time. Marvell&#39;s investigation found no evidence of fraud but said that the &#34;tone at the top&#34; included pressure to meet revenue targets.</p><p>Liang co-founded Super Micro with his wife, Sara Liu, who is described in the company&#39;s last annual report from fiscal 2023 as senior vice president and director, and has had various positions, including treasurer.</p><p>Super Micro has seen revenue boom recently thanks to surging demand for artificial-intelligence servers, and at their highest point of 2024, Super Micro shares were up more than 300% on the year. But while Liang led the company to great heights, he&#39;s remained in charge for a precipitous fall in the stock price, as investors weigh the accounting concerns as well as margin pressures in the AI-server business. It is also being probed by the Department of Justice, and its stock has now erased its year-to-date gains.</p><p>Super Micro said in an SEC filing it doesn&#39;t believe that the ongoing review of its financial controls will lead to a restatement of past financial results and it disagrees with EY&#39;s decision. But the matter has become a dark cloud over the stock. Liang should step down so that the company can regain the trust of Wall Street and customers. A Melius Research analyst recently hypothesized that customers are now paying attention to Super Micro&#39;s saga, which could help competitor Dell Technologies Inc. <a href=\"https://laohu8.com/S/DELL\">$(DELL)$</a> down the line.</p><p>A Super Micro spokesman referred to the company&#39;s past statements on the matter, and did not provide a comment on the board&#39;s continued support of Liang.</p><p>Comments from Ernst &amp; Young, cited in a regulatory filing by Super Micro, indicated that the auditors believe the company&#39;s board and audit committee are not independent from the CEO. EY said information it received as part of a special committee review &#34;raised questions, including about whether the company demonstrates a commitment to integrity and ethical values&#34; consistent with good financial-control principles, and &#34;about the ability and willingness of the audit committee and overall board to demonstrate and act as an oversight body...independent of the CEO.&#34;</p><p>EY added that the company was &#34;unwilling to be associated with the financial statements prepared by management,&#34; according to the filing.</p><p>Accounting experts said it is extremely rare for an audit firm, especially one of the Big Four, to disclose their reasons for resigning.</p><p>&#34;I suspect this happens a lot more than we see, except that the audit firms don&#39;t talk about it,&#34; said Shiva Rajgopal, a professor of accounting and auditing at Columbia Business School. &#34;This is the nuclear option. This must be really bad, otherwise they would not have gone public.&#34;</p><p>McKenna said it&#39;s possible a smaller, lesser-known accounting firm could take the company on as a client, but she fears that that a smaller firm &#34;would not have the experience, competence or the national-office backing - the oomph, the gravitas - to get these these guys to shape up,&#34; she said. She added that regulators would likely not be as hard on the company if there are significant changes at the top. &#34;The only way they could come out of it is if one of the other Big Four agreed to take it on and insisted on significant management and board changes.&#34;</p><p>In 2018, the Nasdaq began its previous delisting procedures. Super Micro <a href=\"https://laohu8.com/S/SMCI.UK\">$(SMCI.UK)$</a> did not file its fiscal 2017 financial reports on time, saying it had to compile and analyze certain information to finalize the documentation and complete a related audit-committee investigation. In January 2020, it was approved for relisting, and Liang was ordered by the Securities and Exchange Commission to reimburse Super Micro $2.1 million for stock profits he realized during the accounting period under question.</p><p>In one example of how close the company&#39;s board is to Liang, in March 2020, Super Micro&#39;s board agreed to give him a one-time payment of up to $8 million if the company&#39;s stock price met certain targets, to reward him for his &#34;valuable contributions and loyal service&#34; particularly during through the period &#34;when the company was not current in its SEC filings.&#34;</p><p>Liang was not accused of wrongdoing at that time, but then-Chief Financial Officer Howard Hideshima was charged with prematurely recognizing revenue and understating expenses over a period of at least three years, and the company paid a $17.5 million civil penalty, without admitting or denying the SEC&#39;s finding.</p><p>Hideshima, who was ordered to pay $350,000 to the SEC, now says on his LinkedIn page that he is working as a consultant for Ablecom Technology Inc., a manufacturing partner of Super Micro run by Steve Liang, Charles&#39;s brother. Charles Liang and his wife own 10% of Ablecom.</p><p>The company has disclosed all of these related-party associations in its 10K filings, except for mentioning that its former CFO, who was charged in its former accounting debacle, still works for companies associated with Charles Liang. Steve Liang and another brother, Bill Liang, are also on the board of Ablecom. These related parties were highlighted as problematic in a short-seller report in August by Hindenburg Research.</p><p>Liang repeatedly has said in interviews over the past few years that the company fixed the internal-control issues that led to its previous delisting, including in an interview to MarketWatch in 2023.</p><p>This past August, when Hindenburg detailed what it found as red flags, it also highlighted a whistleblower lawsuit filed against the company in April, in which the plaintiff, Bob Luong, alleged how Super Micro misallocated revenue to hardware from services to inflate margins in its hardware business. A recurring concern among Wall Street analysts has been the low gross margins in its server business, even as revenue has surged due to a boost in sales for AI data centers.</p><p>In early September, Super Micro said that the Hindenburg report was misleading and that it does not expect its delayed annual report to contain materially different results from those already reported. Liang also said in a letter to investors and customers that the Hindenburg report contained &#34;misleading presentations of information that we have previously shared publicly.&#34; In July, after EY told the board&#39;s audit committee about its concerns about Super Micro&#39;s financial controls, an independent special committee was formed to review certain internal controls and certain corporate-governance procedures.</p><p>Liang owns over 11% of Super Micro stock, according to FactSet, but he is also seen as a key to the company, which warned in its fiscal 2023 annual report that it had no succession plan. &#34;His experience in leading our business and his personal involvement in key relationships with suppliers, customers and strategic partners are extremely valuable to our company,&#34; Super Micro said in that August 2023 filing. &#34;We currently do not have a succession plan for the replacement of Mr. Liang if it were to become necessary.&#34;</p><p>In a June 2023 interview with MarketWatch, Liang was asked about a succession plan, and said the company &#34;was planning, for sure,&#34; but he declined to provide any further details. Liang has been an early advocate for green computing, a key issue coming up now with power-hungry AI servers. He was described in a report by short-seller Spruce Point Capital Management in early 2023 as &#34;a genius&#34; by a former employee and described as a &#34;counter-thinker.&#34;</p><p>&#34;It&#39;s a liability. If he were to go, there&#39;s nothing behind him. There&#39;s a vacuum,&#34; the former employee told Spruce Point Capital at the time.</p><p>Now the company should start to think about succession earlier than expected, or risk that customers will make their future purchases elsewhere, all while investor trust dwindles. If Liang were to step down, Super Micro potentially could get a Big Four auditor to help it regain the confidence of the financial community.</p><p>As the saying goes, something appears to be rotten in Denmark, and the CEO needs to give someone else the chance to return the company to its former glory.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Super Micro Needs a New CEO Before Its AI Advantage Erodes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSuper Micro Needs a New CEO Before Its AI Advantage Erodes\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-05 16:11</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Super Micro Computer Inc. was an early beneficiary of the artificial-intelligence boom. But with the server maker under an accounting cloud, Super Micro now needs its chief executive to step down so it can fully realize the benefits of that trend.</p><p>Last week, the abrupt resignation of the company&#39;s auditors Ernst &amp; Young marked the second time in six years under Chief Executive Charles Liang&#39;s leadership that Super Micro has been accused by of improper internal financial controls. The company faces the possibility of a second delisting, as it delayed and still has not yet filed its annual report for fiscal 2024.</p><p>Deloitte &amp; Touche&#39;s last audit of the company took place in fiscal 2023, and Super Micro <a href=\"https://laohu8.com/S/SMCI\">$(SMCI)$</a> asked shareholders to ratify EY as its new auditors at its 2023 annual meeting. One accounting expert, Francine McKenna, said that it is going to be tough for the company to find another auditor among the remaining Big Four accounting firms that Super Micro has not worked with. The remaining two, KPMG and PWC, would likely want big management changes at the top, such as the resignation of the CEO and possibly the CFO, and a new audit committee, according to McKenna, a former MarketWatch reporter.</p><p>&#34;They are obviously a very complex, problematic, recidivist, high-profile company,&#34; McKenna said. &#34;They have allegations by the DOJ, they have an activist short-seller report. Is another Big Four, either KPMG or PWC, going to take them on?&#34;</p><p>One precedent cited by McKenna, who writes The Dig, a newsletter on accounting, audit and corporate governance, comes from 2004, when electronics components maker Molex&#39;s outside auditor resigned in another so-called noisy resignation. Ernst &amp; Young took over as Molex&#39;s auditors in 2004 on the condition that its CEO and CFO resign.</p><p>The clock is ticking for Super Micro to find a new auditor as the company has until Nov. 16 to submit a plan on its timeline to file its annual report, which has to be approved by the Nasdaq. The company will be hosting a business update call on Tuesday, but it will not release earnings.</p><p>More recently, there was a similar situation in 2016 at Marvell Technology Inc. <a href=\"https://laohu8.com/S/MRVL\">$(MRVL)$</a>, which fired its co-founding husband-and-wife team, CEO Sehat Sutardja and President Weili Dai, after accounting issues led to an audit-committee investigation into its revenue-recognition policies, and probes by regulators. The co-founders remained on Marvell&#39;s board at the time. Marvell&#39;s investigation found no evidence of fraud but said that the &#34;tone at the top&#34; included pressure to meet revenue targets.</p><p>Liang co-founded Super Micro with his wife, Sara Liu, who is described in the company&#39;s last annual report from fiscal 2023 as senior vice president and director, and has had various positions, including treasurer.</p><p>Super Micro has seen revenue boom recently thanks to surging demand for artificial-intelligence servers, and at their highest point of 2024, Super Micro shares were up more than 300% on the year. But while Liang led the company to great heights, he&#39;s remained in charge for a precipitous fall in the stock price, as investors weigh the accounting concerns as well as margin pressures in the AI-server business. It is also being probed by the Department of Justice, and its stock has now erased its year-to-date gains.</p><p>Super Micro said in an SEC filing it doesn&#39;t believe that the ongoing review of its financial controls will lead to a restatement of past financial results and it disagrees with EY&#39;s decision. But the matter has become a dark cloud over the stock. Liang should step down so that the company can regain the trust of Wall Street and customers. A Melius Research analyst recently hypothesized that customers are now paying attention to Super Micro&#39;s saga, which could help competitor Dell Technologies Inc. <a href=\"https://laohu8.com/S/DELL\">$(DELL)$</a> down the line.</p><p>A Super Micro spokesman referred to the company&#39;s past statements on the matter, and did not provide a comment on the board&#39;s continued support of Liang.</p><p>Comments from Ernst &amp; Young, cited in a regulatory filing by Super Micro, indicated that the auditors believe the company&#39;s board and audit committee are not independent from the CEO. EY said information it received as part of a special committee review &#34;raised questions, including about whether the company demonstrates a commitment to integrity and ethical values&#34; consistent with good financial-control principles, and &#34;about the ability and willingness of the audit committee and overall board to demonstrate and act as an oversight body...independent of the CEO.&#34;</p><p>EY added that the company was &#34;unwilling to be associated with the financial statements prepared by management,&#34; according to the filing.</p><p>Accounting experts said it is extremely rare for an audit firm, especially one of the Big Four, to disclose their reasons for resigning.</p><p>&#34;I suspect this happens a lot more than we see, except that the audit firms don&#39;t talk about it,&#34; said Shiva Rajgopal, a professor of accounting and auditing at Columbia Business School. &#34;This is the nuclear option. This must be really bad, otherwise they would not have gone public.&#34;</p><p>McKenna said it&#39;s possible a smaller, lesser-known accounting firm could take the company on as a client, but she fears that that a smaller firm &#34;would not have the experience, competence or the national-office backing - the oomph, the gravitas - to get these these guys to shape up,&#34; she said. She added that regulators would likely not be as hard on the company if there are significant changes at the top. &#34;The only way they could come out of it is if one of the other Big Four agreed to take it on and insisted on significant management and board changes.&#34;</p><p>In 2018, the Nasdaq began its previous delisting procedures. Super Micro <a href=\"https://laohu8.com/S/SMCI.UK\">$(SMCI.UK)$</a> did not file its fiscal 2017 financial reports on time, saying it had to compile and analyze certain information to finalize the documentation and complete a related audit-committee investigation. In January 2020, it was approved for relisting, and Liang was ordered by the Securities and Exchange Commission to reimburse Super Micro $2.1 million for stock profits he realized during the accounting period under question.</p><p>In one example of how close the company&#39;s board is to Liang, in March 2020, Super Micro&#39;s board agreed to give him a one-time payment of up to $8 million if the company&#39;s stock price met certain targets, to reward him for his &#34;valuable contributions and loyal service&#34; particularly during through the period &#34;when the company was not current in its SEC filings.&#34;</p><p>Liang was not accused of wrongdoing at that time, but then-Chief Financial Officer Howard Hideshima was charged with prematurely recognizing revenue and understating expenses over a period of at least three years, and the company paid a $17.5 million civil penalty, without admitting or denying the SEC&#39;s finding.</p><p>Hideshima, who was ordered to pay $350,000 to the SEC, now says on his LinkedIn page that he is working as a consultant for Ablecom Technology Inc., a manufacturing partner of Super Micro run by Steve Liang, Charles&#39;s brother. Charles Liang and his wife own 10% of Ablecom.</p><p>The company has disclosed all of these related-party associations in its 10K filings, except for mentioning that its former CFO, who was charged in its former accounting debacle, still works for companies associated with Charles Liang. Steve Liang and another brother, Bill Liang, are also on the board of Ablecom. These related parties were highlighted as problematic in a short-seller report in August by Hindenburg Research.</p><p>Liang repeatedly has said in interviews over the past few years that the company fixed the internal-control issues that led to its previous delisting, including in an interview to MarketWatch in 2023.</p><p>This past August, when Hindenburg detailed what it found as red flags, it also highlighted a whistleblower lawsuit filed against the company in April, in which the plaintiff, Bob Luong, alleged how Super Micro misallocated revenue to hardware from services to inflate margins in its hardware business. A recurring concern among Wall Street analysts has been the low gross margins in its server business, even as revenue has surged due to a boost in sales for AI data centers.</p><p>In early September, Super Micro said that the Hindenburg report was misleading and that it does not expect its delayed annual report to contain materially different results from those already reported. Liang also said in a letter to investors and customers that the Hindenburg report contained &#34;misleading presentations of information that we have previously shared publicly.&#34; In July, after EY told the board&#39;s audit committee about its concerns about Super Micro&#39;s financial controls, an independent special committee was formed to review certain internal controls and certain corporate-governance procedures.</p><p>Liang owns over 11% of Super Micro stock, according to FactSet, but he is also seen as a key to the company, which warned in its fiscal 2023 annual report that it had no succession plan. &#34;His experience in leading our business and his personal involvement in key relationships with suppliers, customers and strategic partners are extremely valuable to our company,&#34; Super Micro said in that August 2023 filing. &#34;We currently do not have a succession plan for the replacement of Mr. Liang if it were to become necessary.&#34;</p><p>In a June 2023 interview with MarketWatch, Liang was asked about a succession plan, and said the company &#34;was planning, for sure,&#34; but he declined to provide any further details. Liang has been an early advocate for green computing, a key issue coming up now with power-hungry AI servers. He was described in a report by short-seller Spruce Point Capital Management in early 2023 as &#34;a genius&#34; by a former employee and described as a &#34;counter-thinker.&#34;</p><p>&#34;It&#39;s a liability. If he were to go, there&#39;s nothing behind him. There&#39;s a vacuum,&#34; the former employee told Spruce Point Capital at the time.</p><p>Now the company should start to think about succession earlier than expected, or risk that customers will make their future purchases elsewhere, all while investor trust dwindles. If Liang were to step down, Super Micro potentially could get a Big Four auditor to help it regain the confidence of the financial community.</p><p>As the saying goes, something appears to be rotten in Denmark, and the CEO needs to give someone else the chance to return the company to its former glory.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU2272731865.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AM\" (HKD) INC","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4535":"淡马锡持仓","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","BK4588":"碎股","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","BK4141":"半导体产品","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","MRVL":"迈威尔科技","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","SMCI":"超微电脑","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","BK4581":"高盛持仓","LU0056508442.USD":"贝莱德世界科技基金A2","LU2473716301.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMF\" (USD) INC","LU1992135399.USD":"Allianz Global Intelligent Cities AT Acc USD","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","BK4170":"电脑硬件、储存设备及电脑周边","LU2272731782.SGD":"Allianz Global Intelligent Cities AM Dis H2-SGD","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc","LU2272731600.USD":"Allianz Global Intelligent Cities AM Dis USD","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU1169590202.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"I\" (USD) ACC","LU2322448791.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (USD) INC","LU1169589451.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC","LU2322448957.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (HKD) INC","LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","BK4515":"5G概念","BK4585":"ETF&股票定投概念"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2481670835","content_text":"Super Micro Computer Inc. was an early beneficiary of the artificial-intelligence boom. But with the server maker under an accounting cloud, Super Micro now needs its chief executive to step down so it can fully realize the benefits of that trend.Last week, the abrupt resignation of the company's auditors Ernst & Young marked the second time in six years under Chief Executive Charles Liang's leadership that Super Micro has been accused by of improper internal financial controls. The company faces the possibility of a second delisting, as it delayed and still has not yet filed its annual report for fiscal 2024.Deloitte & Touche's last audit of the company took place in fiscal 2023, and Super Micro $(SMCI)$ asked shareholders to ratify EY as its new auditors at its 2023 annual meeting. One accounting expert, Francine McKenna, said that it is going to be tough for the company to find another auditor among the remaining Big Four accounting firms that Super Micro has not worked with. The remaining two, KPMG and PWC, would likely want big management changes at the top, such as the resignation of the CEO and possibly the CFO, and a new audit committee, according to McKenna, a former MarketWatch reporter.\"They are obviously a very complex, problematic, recidivist, high-profile company,\" McKenna said. \"They have allegations by the DOJ, they have an activist short-seller report. Is another Big Four, either KPMG or PWC, going to take them on?\"One precedent cited by McKenna, who writes The Dig, a newsletter on accounting, audit and corporate governance, comes from 2004, when electronics components maker Molex's outside auditor resigned in another so-called noisy resignation. Ernst & Young took over as Molex's auditors in 2004 on the condition that its CEO and CFO resign.The clock is ticking for Super Micro to find a new auditor as the company has until Nov. 16 to submit a plan on its timeline to file its annual report, which has to be approved by the Nasdaq. The company will be hosting a business update call on Tuesday, but it will not release earnings.More recently, there was a similar situation in 2016 at Marvell Technology Inc. $(MRVL)$, which fired its co-founding husband-and-wife team, CEO Sehat Sutardja and President Weili Dai, after accounting issues led to an audit-committee investigation into its revenue-recognition policies, and probes by regulators. The co-founders remained on Marvell's board at the time. Marvell's investigation found no evidence of fraud but said that the \"tone at the top\" included pressure to meet revenue targets.Liang co-founded Super Micro with his wife, Sara Liu, who is described in the company's last annual report from fiscal 2023 as senior vice president and director, and has had various positions, including treasurer.Super Micro has seen revenue boom recently thanks to surging demand for artificial-intelligence servers, and at their highest point of 2024, Super Micro shares were up more than 300% on the year. But while Liang led the company to great heights, he's remained in charge for a precipitous fall in the stock price, as investors weigh the accounting concerns as well as margin pressures in the AI-server business. It is also being probed by the Department of Justice, and its stock has now erased its year-to-date gains.Super Micro said in an SEC filing it doesn't believe that the ongoing review of its financial controls will lead to a restatement of past financial results and it disagrees with EY's decision. But the matter has become a dark cloud over the stock. Liang should step down so that the company can regain the trust of Wall Street and customers. A Melius Research analyst recently hypothesized that customers are now paying attention to Super Micro's saga, which could help competitor Dell Technologies Inc. $(DELL)$ down the line.A Super Micro spokesman referred to the company's past statements on the matter, and did not provide a comment on the board's continued support of Liang.Comments from Ernst & Young, cited in a regulatory filing by Super Micro, indicated that the auditors believe the company's board and audit committee are not independent from the CEO. EY said information it received as part of a special committee review \"raised questions, including about whether the company demonstrates a commitment to integrity and ethical values\" consistent with good financial-control principles, and \"about the ability and willingness of the audit committee and overall board to demonstrate and act as an oversight body...independent of the CEO.\"EY added that the company was \"unwilling to be associated with the financial statements prepared by management,\" according to the filing.Accounting experts said it is extremely rare for an audit firm, especially one of the Big Four, to disclose their reasons for resigning.\"I suspect this happens a lot more than we see, except that the audit firms don't talk about it,\" said Shiva Rajgopal, a professor of accounting and auditing at Columbia Business School. \"This is the nuclear option. This must be really bad, otherwise they would not have gone public.\"McKenna said it's possible a smaller, lesser-known accounting firm could take the company on as a client, but she fears that that a smaller firm \"would not have the experience, competence or the national-office backing - the oomph, the gravitas - to get these these guys to shape up,\" she said. She added that regulators would likely not be as hard on the company if there are significant changes at the top. \"The only way they could come out of it is if one of the other Big Four agreed to take it on and insisted on significant management and board changes.\"In 2018, the Nasdaq began its previous delisting procedures. Super Micro $(SMCI.UK)$ did not file its fiscal 2017 financial reports on time, saying it had to compile and analyze certain information to finalize the documentation and complete a related audit-committee investigation. In January 2020, it was approved for relisting, and Liang was ordered by the Securities and Exchange Commission to reimburse Super Micro $2.1 million for stock profits he realized during the accounting period under question.In one example of how close the company's board is to Liang, in March 2020, Super Micro's board agreed to give him a one-time payment of up to $8 million if the company's stock price met certain targets, to reward him for his \"valuable contributions and loyal service\" particularly during through the period \"when the company was not current in its SEC filings.\"Liang was not accused of wrongdoing at that time, but then-Chief Financial Officer Howard Hideshima was charged with prematurely recognizing revenue and understating expenses over a period of at least three years, and the company paid a $17.5 million civil penalty, without admitting or denying the SEC's finding.Hideshima, who was ordered to pay $350,000 to the SEC, now says on his LinkedIn page that he is working as a consultant for Ablecom Technology Inc., a manufacturing partner of Super Micro run by Steve Liang, Charles's brother. Charles Liang and his wife own 10% of Ablecom.The company has disclosed all of these related-party associations in its 10K filings, except for mentioning that its former CFO, who was charged in its former accounting debacle, still works for companies associated with Charles Liang. Steve Liang and another brother, Bill Liang, are also on the board of Ablecom. These related parties were highlighted as problematic in a short-seller report in August by Hindenburg Research.Liang repeatedly has said in interviews over the past few years that the company fixed the internal-control issues that led to its previous delisting, including in an interview to MarketWatch in 2023.This past August, when Hindenburg detailed what it found as red flags, it also highlighted a whistleblower lawsuit filed against the company in April, in which the plaintiff, Bob Luong, alleged how Super Micro misallocated revenue to hardware from services to inflate margins in its hardware business. A recurring concern among Wall Street analysts has been the low gross margins in its server business, even as revenue has surged due to a boost in sales for AI data centers.In early September, Super Micro said that the Hindenburg report was misleading and that it does not expect its delayed annual report to contain materially different results from those already reported. Liang also said in a letter to investors and customers that the Hindenburg report contained \"misleading presentations of information that we have previously shared publicly.\" In July, after EY told the board's audit committee about its concerns about Super Micro's financial controls, an independent special committee was formed to review certain internal controls and certain corporate-governance procedures.Liang owns over 11% of Super Micro stock, according to FactSet, but he is also seen as a key to the company, which warned in its fiscal 2023 annual report that it had no succession plan. \"His experience in leading our business and his personal involvement in key relationships with suppliers, customers and strategic partners are extremely valuable to our company,\" Super Micro said in that August 2023 filing. \"We currently do not have a succession plan for the replacement of Mr. Liang if it were to become necessary.\"In a June 2023 interview with MarketWatch, Liang was asked about a succession plan, and said the company \"was planning, for sure,\" but he declined to provide any further details. Liang has been an early advocate for green computing, a key issue coming up now with power-hungry AI servers. He was described in a report by short-seller Spruce Point Capital Management in early 2023 as \"a genius\" by a former employee and described as a \"counter-thinker.\"\"It's a liability. If he were to go, there's nothing behind him. There's a vacuum,\" the former employee told Spruce Point Capital at the time.Now the company should start to think about succession earlier than expected, or risk that customers will make their future purchases elsewhere, all while investor trust dwindles. If Liang were to step down, Super Micro potentially could get a Big Four auditor to help it regain the confidence of the financial community.As the saying goes, something appears to be rotten in Denmark, and the CEO needs to give someone else the chance to return the company to its former glory.","news_type":1},"isVote":1,"tweetType":1,"viewCount":926,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":367663174762528,"gmtCreate":1730776625573,"gmtModify":1730776630356,"author":{"id":"4087913319322160","authorId":"4087913319322160","name":"Skysoul","avatar":"https://community-static.tradeup.com/news/05ee5fc56ed6316e2022e2bdcf350781","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087913319322160","authorIdStr":"4087913319322160"},"themes":[],"htmlText":"Smci are customers of Nvidia , this article Is saying the other way round . Is this article ai generated validated ?","listText":"Smci are customers of Nvidia , this article Is saying the other way round . Is this article ai generated validated ?","text":"Smci are customers of Nvidia , this article Is saying the other way round . Is this article ai generated validated ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":2,"repostSize":1,"link":"https://ttm.financial/post/367663174762528","repostId":"2481335295","repostType":2,"isVote":1,"tweetType":1,"viewCount":1200,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3581734227956830","authorId":"3581734227956830","name":"SirBahamut","avatar":"https://community-static.tradeup.com/news/bfb00d5085e2ed1685d99f51539c6bb1","crmLevel":4,"crmLevelSwitch":0,"idStr":"3581734227956830","authorIdStr":"3581734227956830"},"content":"While you are right that SMCI are customers of Nvidia, Nvidia has a HUGE bargaining power over its customers; simply because demand is way higher than supply. Supply is so tight to the point Nvidia gets to allocate its gpu to whoever they want - be it SMCI, Dell, HPE, gigabyte, or even ODM such as Foxconn, Quanta, wiwynn etc. so now since SMCI is failing, Nvidia just reallocate the AI chip intended for SMCI to other OEM. I dont see anything wrong. And the origin of this article is from bloomberg","text":"While you are right that SMCI are customers of Nvidia, Nvidia has a HUGE bargaining power over its customers; simply because demand is way higher than supply. Supply is so tight to the point Nvidia gets to allocate its gpu to whoever they want - be it SMCI, Dell, HPE, gigabyte, or even ODM such as Foxconn, Quanta, wiwynn etc. so now since SMCI is failing, Nvidia just reallocate the AI chip intended for SMCI to other OEM. I dont see anything wrong. And the origin of this article is from bloomberg","html":"While you are right that SMCI are customers of Nvidia, Nvidia has a HUGE bargaining power over its customers; simply because demand is way higher than supply. Supply is so tight to the point Nvidia gets to allocate its gpu to whoever they want - be it SMCI, Dell, HPE, gigabyte, or even ODM such as Foxconn, Quanta, wiwynn etc. so now since SMCI is failing, Nvidia just reallocate the AI chip intended for SMCI to other OEM. I dont see anything wrong. And the origin of this article is from bloomberg"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":254597392904464,"gmtCreate":1703194221952,"gmtModify":1703195720893,"author":{"id":"4087913319322160","authorId":"4087913319322160","name":"Skysoul","avatar":"https://community-static.tradeup.com/news/05ee5fc56ed6316e2022e2bdcf350781","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087913319322160","authorIdStr":"4087913319322160"},"themes":[],"htmlText":"Oil will not spike as shoal oil Producers will come in and overproduce again like in 2014 oil colllapse as interest rate cuts by federal reserve . Most shoal oil producers in us are borrowers .","listText":"Oil will not spike as shoal oil Producers will come in and overproduce again like in 2014 oil colllapse as interest rate cuts by federal reserve . Most shoal oil producers in us are borrowers .","text":"Oil will not spike as shoal oil Producers will come in and overproduce again like in 2014 oil colllapse as interest rate cuts by federal reserve . Most shoal oil producers in us are borrowers .","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/254597392904464","isVote":1,"tweetType":1,"viewCount":1224,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":254593180307704,"gmtCreate":1703193344642,"gmtModify":1703193347353,"author":{"id":"4087913319322160","authorId":"4087913319322160","name":"Skysoul","avatar":"https://community-static.tradeup.com/news/05ee5fc56ed6316e2022e2bdcf350781","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087913319322160","authorIdStr":"4087913319322160"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a>Merry Christmas!!","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a>Merry Christmas!!","text":"$Tiger Brokers(TIGR)$ Merry Christmas!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/254593180307704","isVote":1,"tweetType":1,"viewCount":895,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":254593544913184,"gmtCreate":1703193283407,"gmtModify":1703195698602,"author":{"id":"4087913319322160","authorId":"4087913319322160","name":"Skysoul","avatar":"https://community-static.tradeup.com/news/05ee5fc56ed6316e2022e2bdcf350781","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087913319322160","authorIdStr":"4087913319322160"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a>Merry Christmas&nbsp;","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a>Merry Christmas&nbsp;","text":"$Tiger Brokers(TIGR)$ Merry Christmas","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/254593544913184","isVote":1,"tweetType":1,"viewCount":856,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9999307136,"gmtCreate":1660458784727,"gmtModify":1676533475269,"author":{"id":"4087913319322160","authorId":"4087913319322160","name":"Skysoul","avatar":"https://community-static.tradeup.com/news/05ee5fc56ed6316e2022e2bdcf350781","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087913319322160","authorIdStr":"4087913319322160"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999307136","repostId":"2259268147","repostType":2,"repost":{"id":"2259268147","kind":"highlight","pubTimestamp":1660443357,"share":"https://ttm.financial/m/news/2259268147?lang=&edition=full_marsco","pubTime":"2022-08-14 10:15","market":"us","language":"en","title":"How to Make 300% in the Stock Market Without Really Trying","url":"https://stock-news.laohu8.com/highlight/detail?id=2259268147","media":"InvestorPlace","summary":"In 2012, I made 300% returns in the stock market without really trying.It happened again in 2020…And","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/7cec91627f47c890c9b15078a688d4f9\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>In 2012, I made 300% returns in the stock market without really trying.</p><p>It happened again in 2020…</p><p>And then again in 2021…</p><p>My secret?</p><p><i><b>I bought companies in consolidating industries</b></i>.</p><p>For 2012, it was the airline industry. Ammunition in 2020. And coal in 2021.</p><p>In each of these cases, a “terrible” industry would see profits rise 5x… 10x… 20x… after bankruptcies, liquidations and mergers left the industry with few remaining players. It’s a wellspring of easy profits.</p><p>The strategy only works every several years; industry consolidation doesn’t happen all the time.</p><p>But when it does happen, investors can outperform the market. And today, one new industry is teasing 300% returns. Read on to find which one.</p><p>And if you enjoy this article, <b>click here to subscribe to Tom Yeung’s </b><b><i>Profit &amp; Protection</i></b><b> to get the latest updates in your inbox</b>.</p><h2>Exploiting Inefficient Markets</h2><p>The reason for airline outperformance was simple:</p><p>Markets are efficient vehicles for gathering consensus market views…</p><p><i><b>…but consensus views are sometimes slow to change, especially with consolidating industries</b></i>.</p><p>In the case of airlines, investors “knew” it was a terrible industry.</p><p>“For 100 years, airline transport has not been a good business,” Warren Buffett said in a 2013 interview on <i>CNBC</i>. “A seat on an airliner as a commodity to a great extent.”</p><p>But managers with billion-dollar funds often can’t see the changes that you and I do. The tight-fisted Mr. Buffett flies around in a private jet he once named “The Indefensible.” And how would an analyst sitting in Wall Street’s glass buildings (as I once did) know the price of a gallon of milk? Even I almost missed the rise of airline fares.</p><p>Yet, these Wall Street blind spots create enormous buying opportunities.</p><ul><li><b>Railways.</b> Companies like <b>Canadian Pacific Railway</b> (NYSE:<b><u>CP</u></b>) rose +600% between 2009-2014.</li><li><b>Ammunition.</b> Bullet-maker <b><a href=\"https://laohu8.com/S/VGL.AU\">Vista</a> Outdoors</b> (NYSE:<b><u>VSTO</u></b>) jumped +550% between 2020-2021.</li><li><b>Coal.</b> Near-bankrupt miner <b><a href=\"https://laohu8.com/S/BTU\">Peabody</a> Energy</b> (NYSE:<b><u>BTU</u></b>) skyrocketed +900% between 2021-2022</li></ul><p>In each of these instances, a “Main Street” industry would suddenly become a superstar winner because of one word:</p><p><i><b>Consolidation</b></i>.</p><p>In the case of airlines, mega-mergers between top players meant that the top 4 carriers controlled two-thirds of the industry by 2013. <b>Delta</b> (NYSE:<b><u>DAL</u></b>) would make up 80% of all flights from Atlanta’s Hartsfield-Jackson airport that year.</p><p>In rail, these same forces would turn a struggling industry into one of America’s most profitable sectors. Only seven Class I freight railroads exist today, down from 33 in 1980. And concentration in specific sectors is higher; two railroads now originate 65% of all U.S. grain.</p><p>These changes are apparent to anyone who works in the business. Try to buy ammunition at your local gun store, and you’ll have a choice between two manufacturers. Shells now easily cost over a dollar per round. And at the grocery store, our choice of meat and prepackaged bread is an illusion. 2-3 companies now own dozens of brands on store shelves.</p><p>Observant investors will notice these things in everyday life.</p><p>Meanwhile, outsiders on Wall Street are often slow in responding to these tectonic shifts, especially when they’re happening far away from the glass high-rise offices of <a href=\"https://laohu8.com/S/MHC.AU\">Manhattan</a> or Omaha.</p><h2>Beating the Street at Its Own Game</h2><p>There are three ingredients to these hidden gems:</p><ul><li><b>A “Hated” Industry.</b> A history of low returns, poor growth and high capital requirements will set the stage for cheap stock prices.</li><li><b>Consolidation.</b> Mergers, acquisitions and bankruptcies that give the remaining players pricing power.</li><li><b>Essential Goods.</b> Sectors that produce goods that are difficult or impossible to substitute.</li></ul><p>And today, one sector stands out as the next big winner:</p><p><i><b>Telecom</b></i>.</p><h2>From Four to Three</h2><p>Ask any Wall Street investor about telecom, and watch them respond with a mix of apathy and disgust. The <b><a href=\"https://laohu8.com/S/EMDI\">iShares</a> Global Communication Services ETF</b> (NYSEARCA:<b><u>IXP</u></b>) has risen just 7% since 2005, underperforming every other sector of the Global Industry Classification Standard (GICS).</p><p><img src=\"https://static.tigerbbs.com/d89746888da2d9510b64a9f031eaecd5\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/683bb6c2aa728f75d0baebfe009399e0\" tg-width=\"580\" tg-height=\"372\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>There’s a good reason for the dismal performance. For years, America’s telecom firms have fought in a seven-way battle. The two top players <b>AT&amp;T</b> (NYSE:<b><u>T</u></b>) and <b>Verizon</b> (NYSE:<b><u>VZ</u></b>) competed against upstarts <b>Sprint</b> and <b>T-Mobile</b> (NASDAQ:<b><u>TMUS</u></b>), along with smaller players <b>Leap</b>, <b>MetroPCS</b> and <b>U.S. Cellular</b> (NYSE:<b><u>USM</u></b>).</p><p>It was a recipe for disaster. High capital expenditure, changing technologies and a massive country to cover meant that firms like Verizon could sink $20 billion per year since 2000 into capital investment and <i>still</i> see end-user prices stagnate.</p><p>Put another way, my $40-per-month cell phone bill had barely budged in the 20 years leading up to 2020</p><p><i><b>But that also gives telecom the perfect setup for 300% gains</b></i>.</p><p>Since 2011, the number of wireless providers has shrunk from seven to four. And with U.S. Cellular’s market share dropping to 1%, the wireless industry has become a three-way race.</p><p>Prices have already started creeping up. The cheapest plan from T-Mobile for a single line now costs $70 after taxes and fees, reversing years of price declines. According to the BLS, spending on cell phone services finally stopped falling in 2020.</p><p>“A stable competitive market never has more than three significant competitors,” BCG founder Bruce Henderson noted in 1976. The “rule of three” eventually makes it “neither practical nor advantageous for either competitor to increase or decrease share.”</p><p>In other words, telecom is no longer a race to the bottom.</p><h2>Which Telecom Stock Should You Buy?</h2><p>So, why do I say investors can make 300% with virtually no effort?</p><p>That’s because there’s no need for fancy 3-stage DCF models…</p><p>…Complicated intrinsic value calculations…</p><p>…Or reading the tea leaves of management guidance.</p><p>That’s because when industries consolidate, <b>all companies gain</b>.</p><p>For airlines in 2013, investors could have easily made the same high returns on <b>Southwest </b>(NYSE:<b><u>LUV</u></b>), <b>United</b> (NASDAQ:<b><u>UAL</u></b>) or <b>Hawaiian</b> (NASDAQ:<b><u>HA</u></b>).</p><p>Similarly, telecom’s three remaining players – AT&amp;T, Verizon and T-Mobile – all stand to profit. Even though Profit &amp; Protection has highlighted AT&amp;T for its cheapest starting price, the trio all provide the same essential wireless services, and all have begun flexing their oligopolistic pricing power.</p><p><i><b>Bottom line: buy AT&amp;T if you only pick one telecom, but all three should outperform over the next decade</b></i>.</p><h2>Some Patience Required… </h2><p>Consolidation plays are phenomenal for their high batting average and relative safety. AT&amp;T has a 6% dividend yield, one of the highest rates for a blue-chip stock.</p><p>The strategy, however, can take years to play out. Freight railroad <b>CSX</b> (NASDAQ:<b><u>CSX</u></b>) took over a decade to rise 10x.</p><p>That means high-frequency traders are better off buying high-beta momentum stocks listed in Tuesday’s newsletter. But if you are willing to wait for returns without really trying, then AT&amp;T and the telecom industry provides a stunningly attractive play.</p></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How to Make 300% in the Stock Market Without Really Trying</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow to Make 300% in the Stock Market Without Really Trying\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-14 10:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/08/how-to-make-300-in-the-stock-market-without-really-trying/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In 2012, I made 300% returns in the stock market without really trying.It happened again in 2020…And then again in 2021…My secret?I bought companies in consolidating industries.For 2012, it was the ...</p>\n\n<a href=\"https://investorplace.com/2022/08/how-to-make-300-in-the-stock-market-without-really-trying/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LUV":"西南航空","CP":"加拿大太平洋铁路","PSQ":"纳指反向ETF","BK4156":"煤与消费用燃料","BK4561":"索罗斯持仓","VSTO":"Vista Outdoor Inc","BK4581":"高盛持仓","CSX":"CSX运输","BK4549":"软银资本持仓","QID":"纳指两倍做空ETF","TMUS":"T-Mobile US Inc","QQQ":"纳指100ETF","USM":"美国无线电话","SQQQ":"纳指三倍做空ETF","T":"美国电话电报","BK4190":"消闲用品","BK4016":"铁路","BK4532":"文艺复兴科技持仓","BK4515":"5G概念","TQQQ":"纳指三倍做多ETF","BK4520":"美国基建股","BK4008":"航空公司","VZ":"威瑞森","UAL":"联合大陆航空","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓",".IXIC":"NASDAQ Composite","BK4533":"AQR资本管理(全球第二大对冲基金)","QLD":"纳指两倍做多ETF","BK4566":"资本集团","BTU":"Peabody","BK4132":"无线电信业务","DAL":"达美航空","BK4559":"巴菲特持仓","BK4500":"航空公司","BK4550":"红杉资本持仓","BK4115":"综合电信业务"},"source_url":"https://investorplace.com/2022/08/how-to-make-300-in-the-stock-market-without-really-trying/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2259268147","content_text":"In 2012, I made 300% returns in the stock market without really trying.It happened again in 2020…And then again in 2021…My secret?I bought companies in consolidating industries.For 2012, it was the airline industry. Ammunition in 2020. And coal in 2021.In each of these cases, a “terrible” industry would see profits rise 5x… 10x… 20x… after bankruptcies, liquidations and mergers left the industry with few remaining players. It’s a wellspring of easy profits.The strategy only works every several years; industry consolidation doesn’t happen all the time.But when it does happen, investors can outperform the market. And today, one new industry is teasing 300% returns. Read on to find which one.And if you enjoy this article, click here to subscribe to Tom Yeung’s Profit & Protection to get the latest updates in your inbox.Exploiting Inefficient MarketsThe reason for airline outperformance was simple:Markets are efficient vehicles for gathering consensus market views……but consensus views are sometimes slow to change, especially with consolidating industries.In the case of airlines, investors “knew” it was a terrible industry.“For 100 years, airline transport has not been a good business,” Warren Buffett said in a 2013 interview on CNBC. “A seat on an airliner as a commodity to a great extent.”But managers with billion-dollar funds often can’t see the changes that you and I do. The tight-fisted Mr. Buffett flies around in a private jet he once named “The Indefensible.” And how would an analyst sitting in Wall Street’s glass buildings (as I once did) know the price of a gallon of milk? Even I almost missed the rise of airline fares.Yet, these Wall Street blind spots create enormous buying opportunities.Railways. Companies like Canadian Pacific Railway (NYSE:CP) rose +600% between 2009-2014.Ammunition. Bullet-maker Vista Outdoors (NYSE:VSTO) jumped +550% between 2020-2021.Coal. Near-bankrupt miner Peabody Energy (NYSE:BTU) skyrocketed +900% between 2021-2022In each of these instances, a “Main Street” industry would suddenly become a superstar winner because of one word:Consolidation.In the case of airlines, mega-mergers between top players meant that the top 4 carriers controlled two-thirds of the industry by 2013. Delta (NYSE:DAL) would make up 80% of all flights from Atlanta’s Hartsfield-Jackson airport that year.In rail, these same forces would turn a struggling industry into one of America’s most profitable sectors. Only seven Class I freight railroads exist today, down from 33 in 1980. And concentration in specific sectors is higher; two railroads now originate 65% of all U.S. grain.These changes are apparent to anyone who works in the business. Try to buy ammunition at your local gun store, and you’ll have a choice between two manufacturers. Shells now easily cost over a dollar per round. And at the grocery store, our choice of meat and prepackaged bread is an illusion. 2-3 companies now own dozens of brands on store shelves.Observant investors will notice these things in everyday life.Meanwhile, outsiders on Wall Street are often slow in responding to these tectonic shifts, especially when they’re happening far away from the glass high-rise offices of Manhattan or Omaha.Beating the Street at Its Own GameThere are three ingredients to these hidden gems:A “Hated” Industry. A history of low returns, poor growth and high capital requirements will set the stage for cheap stock prices.Consolidation. Mergers, acquisitions and bankruptcies that give the remaining players pricing power.Essential Goods. Sectors that produce goods that are difficult or impossible to substitute.And today, one sector stands out as the next big winner:Telecom.From Four to ThreeAsk any Wall Street investor about telecom, and watch them respond with a mix of apathy and disgust. The iShares Global Communication Services ETF (NYSEARCA:IXP) has risen just 7% since 2005, underperforming every other sector of the Global Industry Classification Standard (GICS).There’s a good reason for the dismal performance. For years, America’s telecom firms have fought in a seven-way battle. The two top players AT&T (NYSE:T) and Verizon (NYSE:VZ) competed against upstarts Sprint and T-Mobile (NASDAQ:TMUS), along with smaller players Leap, MetroPCS and U.S. Cellular (NYSE:USM).It was a recipe for disaster. High capital expenditure, changing technologies and a massive country to cover meant that firms like Verizon could sink $20 billion per year since 2000 into capital investment and still see end-user prices stagnate.Put another way, my $40-per-month cell phone bill had barely budged in the 20 years leading up to 2020But that also gives telecom the perfect setup for 300% gains.Since 2011, the number of wireless providers has shrunk from seven to four. And with U.S. Cellular’s market share dropping to 1%, the wireless industry has become a three-way race.Prices have already started creeping up. The cheapest plan from T-Mobile for a single line now costs $70 after taxes and fees, reversing years of price declines. According to the BLS, spending on cell phone services finally stopped falling in 2020.“A stable competitive market never has more than three significant competitors,” BCG founder Bruce Henderson noted in 1976. The “rule of three” eventually makes it “neither practical nor advantageous for either competitor to increase or decrease share.”In other words, telecom is no longer a race to the bottom.Which Telecom Stock Should You Buy?So, why do I say investors can make 300% with virtually no effort?That’s because there’s no need for fancy 3-stage DCF models……Complicated intrinsic value calculations……Or reading the tea leaves of management guidance.That’s because when industries consolidate, all companies gain.For airlines in 2013, investors could have easily made the same high returns on Southwest (NYSE:LUV), United (NASDAQ:UAL) or Hawaiian (NASDAQ:HA).Similarly, telecom’s three remaining players – AT&T, Verizon and T-Mobile – all stand to profit. Even though Profit & Protection has highlighted AT&T for its cheapest starting price, the trio all provide the same essential wireless services, and all have begun flexing their oligopolistic pricing power.Bottom line: buy AT&T if you only pick one telecom, but all three should outperform over the next decade.Some Patience Required… Consolidation plays are phenomenal for their high batting average and relative safety. AT&T has a 6% dividend yield, one of the highest rates for a blue-chip stock.The strategy, however, can take years to play out. Freight railroad CSX (NASDAQ:CSX) took over a decade to rise 10x.That means high-frequency traders are better off buying high-beta momentum stocks listed in Tuesday’s newsletter. But if you are willing to wait for returns without really trying, then AT&T and the telecom industry provides a stunningly attractive play.","news_type":1},"isVote":1,"tweetType":1,"viewCount":838,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9038306480,"gmtCreate":1646730937783,"gmtModify":1676534156040,"author":{"id":"4087913319322160","authorId":"4087913319322160","name":"Skysoul","avatar":"https://community-static.tradeup.com/news/05ee5fc56ed6316e2022e2bdcf350781","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087913319322160","authorIdStr":"4087913319322160"},"themes":[],"htmlText":"Hm","listText":"Hm","text":"Hm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038306480","repostId":"1120894633","repostType":2,"isVote":1,"tweetType":1,"viewCount":850,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801116294,"gmtCreate":1627487332118,"gmtModify":1703491029667,"author":{"id":"4087913319322160","authorId":"4087913319322160","name":"Skysoul","avatar":"https://community-static.tradeup.com/news/05ee5fc56ed6316e2022e2bdcf350781","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087913319322160","authorIdStr":"4087913319322160"},"themes":[],"htmlText":"G","listText":"G","text":"G","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/801116294","repostId":"1102922788","repostType":4,"isVote":1,"tweetType":1,"viewCount":1186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":367663174762528,"gmtCreate":1730776625573,"gmtModify":1730776630356,"author":{"id":"4087913319322160","authorId":"4087913319322160","name":"Skysoul","avatar":"https://community-static.tradeup.com/news/05ee5fc56ed6316e2022e2bdcf350781","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087913319322160","idStr":"4087913319322160"},"themes":[],"htmlText":"Smci are customers of Nvidia , this article Is saying the other way round . Is this article ai generated validated ?","listText":"Smci are customers of Nvidia , this article Is saying the other way round . Is this article ai generated validated ?","text":"Smci are customers of Nvidia , this article Is saying the other way round . Is this article ai generated validated ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":2,"repostSize":1,"link":"https://ttm.financial/post/367663174762528","repostId":"2481335295","repostType":2,"repost":{"id":"2481335295","kind":"highlight","pubTimestamp":1730771874,"share":"https://ttm.financial/m/news/2481335295?lang=&edition=full_marsco","pubTime":"2024-11-05 09:57","market":"us","language":"en","title":"Nvidia Moves Super Micro Orders to Other Suppliers to Maintain Supply Chain Stability - Report","url":"https://stock-news.laohu8.com/highlight/detail?id=2481335295","media":"seekingalpha","summary":"$Nvidia(NVDA)$ is rerouting orders previously placed with $Super Micro Computer(SMCI)$ to other suppliers, to contain the disruption within the AI server industry, Digitimes reported.The move comes on","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> is rerouting orders previously placed with <a href=\"https://laohu8.com/S/SMCI\">Super Micro Computer</a> to other suppliers, to contain the disruption within the AI server industry, Digitimes reported.</p><p>The move comes on the heels of ongoing financial reporting challenges being faced by Super Micro. Reportedly, if the company does not submit its financial statements by Nov. 20, it risks another delisting, after having being delisted in 2018 for non-compliance in financial filing, the report added.</p><p>Nvidia has stepped in to manage the impact of Super Micro&#39;s challenges on the larger industry, aiming to stabilize the supply chain. The U.S. chip giant is redirecting Super Micro&#39;s client orders to other providers to limit the disruption within the AI server market, the report noted.</p><p>Shares of the Super Micro slumped over 45% last week, marking its worst week on record, after the auditor for the AI server maker resigned. Concerns about the company&#39;s financial statements came up in late August after Hindenburg Research issued a short report on the company. A day later, Super Micro then said it was delaying its annual 10-K filing. The company later noted that it does not expect any material changes to fiscal 2024.</p><p>Last week, Super Micro announced an amendment to its loan agreement with Cathay Bank which, among other things, extends the date by which the company is required to deliver its annual results.</p><p>Super Micro&#39;s client orders have been moved to other companies, with Gigabyte and ASRock seeing an increase in new orders and customer inquiries. Supply chain sources suggest that Gigabyte and ASRock have gained from Super Micro&#39;s rerouted orders, securing contracts with major clients like CoreWeave, the report added.</p><p>Taiwan-based Gigabyte has raised its fourth-quarter and annual server revenue forecasts. The company is also speeding up its deployment of liquid cooling technology to match Nvidia&#39;s rapid growth, the report noted.</p><p>Meanwhile, ASRock, which is also based in Taiwan, has gained redirected orders from Super Micro&#39;s small and mid-sized clients, setting a record for third-quarter revenue. The fourth quarter is anticipated to peak, with annual revenue and profit guidance revised upward, according to the report.</p><p>With Nvidia&#39;s H200 shipments starting in the fourth quarter, ASRock has joined the supply list for GB200 in the second half of 2025. The company also intends to unveil liquid cooling products, supporting profit growth forcast for 2025, the report noted.</p><p>However, Super Micro&#39;s woes has potentially sent shockwaves through its supply chain, affecting vital partners such as Leadtek, backed by Ablecom Technology and Compuware Technology. This reliance on Supermicro has raised concerns over Leadtek&#39;s AI market share and performance, as per the report.</p><p>Ablecom and Compuware, whose chairmen are siblings of Super Micro&#39;s chairman, have close relations with the company. Their investment in Leadtek was reportedly steered by Leadtek&#39;s Nvidia Quadro distribution rights in China and its local network. The potential impact of this investment on Leadtek is not clear, the report added.</p><p>Orient Semiconductor Electronics, which provides packaging and testing services to Super Micro, also faces potential disruptions impacting its operations, the report stated.</p><p>Thermal management solutions supplier Auras Technology and electronic parts provider Argosy Research have also been caught in the storm. Both companies have seen reduced orders, which could affect their standing in the AI sector, the report noted.</p><p>These companies, which are part of Super Micro&#39;s supply chain, are cautiously managing the situation amid shifting client demands and revenue concerns, the report added.</p></body></html>","source":"seekingalpha_trending_news","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nvidia Moves Super Micro Orders to Other Suppliers to Maintain Supply Chain Stability - Report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia Moves Super Micro Orders to Other Suppliers to Maintain Supply Chain Stability - Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-05 09:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4242432-nvidia-moves-super-micro-orders-to-other-suppliers-to-maintain-supply-chain-stability><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nvidia is rerouting orders previously placed with Super Micro Computer to other suppliers, to contain the disruption within the AI server industry, Digitimes reported.The move comes on the heels of ...</p>\n\n<a href=\"https://seekingalpha.com/news/4242432-nvidia-moves-super-micro-orders-to-other-suppliers-to-maintain-supply-chain-stability\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/news/4242432-nvidia-moves-super-micro-orders-to-other-suppliers-to-maintain-supply-chain-stability","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2481335295","content_text":"Nvidia is rerouting orders previously placed with Super Micro Computer to other suppliers, to contain the disruption within the AI server industry, Digitimes reported.The move comes on the heels of ongoing financial reporting challenges being faced by Super Micro. Reportedly, if the company does not submit its financial statements by Nov. 20, it risks another delisting, after having being delisted in 2018 for non-compliance in financial filing, the report added.Nvidia has stepped in to manage the impact of Super Micro's challenges on the larger industry, aiming to stabilize the supply chain. The U.S. chip giant is redirecting Super Micro's client orders to other providers to limit the disruption within the AI server market, the report noted.Shares of the Super Micro slumped over 45% last week, marking its worst week on record, after the auditor for the AI server maker resigned. Concerns about the company's financial statements came up in late August after Hindenburg Research issued a short report on the company. A day later, Super Micro then said it was delaying its annual 10-K filing. The company later noted that it does not expect any material changes to fiscal 2024.Last week, Super Micro announced an amendment to its loan agreement with Cathay Bank which, among other things, extends the date by which the company is required to deliver its annual results.Super Micro's client orders have been moved to other companies, with Gigabyte and ASRock seeing an increase in new orders and customer inquiries. Supply chain sources suggest that Gigabyte and ASRock have gained from Super Micro's rerouted orders, securing contracts with major clients like CoreWeave, the report added.Taiwan-based Gigabyte has raised its fourth-quarter and annual server revenue forecasts. The company is also speeding up its deployment of liquid cooling technology to match Nvidia's rapid growth, the report noted.Meanwhile, ASRock, which is also based in Taiwan, has gained redirected orders from Super Micro's small and mid-sized clients, setting a record for third-quarter revenue. The fourth quarter is anticipated to peak, with annual revenue and profit guidance revised upward, according to the report.With Nvidia's H200 shipments starting in the fourth quarter, ASRock has joined the supply list for GB200 in the second half of 2025. The company also intends to unveil liquid cooling products, supporting profit growth forcast for 2025, the report noted.However, Super Micro's woes has potentially sent shockwaves through its supply chain, affecting vital partners such as Leadtek, backed by Ablecom Technology and Compuware Technology. This reliance on Supermicro has raised concerns over Leadtek's AI market share and performance, as per the report.Ablecom and Compuware, whose chairmen are siblings of Super Micro's chairman, have close relations with the company. Their investment in Leadtek was reportedly steered by Leadtek's Nvidia Quadro distribution rights in China and its local network. The potential impact of this investment on Leadtek is not clear, the report added.Orient Semiconductor Electronics, which provides packaging and testing services to Super Micro, also faces potential disruptions impacting its operations, the report stated.Thermal management solutions supplier Auras Technology and electronic parts provider Argosy Research have also been caught in the storm. Both companies have seen reduced orders, which could affect their standing in the AI sector, the report noted.These companies, which are part of Super Micro's supply chain, are cautiously managing the situation amid shifting client demands and revenue concerns, the report added.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1200,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3581734227956830","authorId":"3581734227956830","name":"SirBahamut","avatar":"https://community-static.tradeup.com/news/bfb00d5085e2ed1685d99f51539c6bb1","crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3581734227956830","idStr":"3581734227956830"},"content":"While you are right that SMCI are customers of Nvidia, Nvidia has a HUGE bargaining power over its customers; simply because demand is way higher than supply. Supply is so tight to the point Nvidia gets to allocate its gpu to whoever they want - be it SMCI, Dell, HPE, gigabyte, or even ODM such as Foxconn, Quanta, wiwynn etc. so now since SMCI is failing, Nvidia just reallocate the AI chip intended for SMCI to other OEM. I dont see anything wrong. And the origin of this article is from bloomberg","text":"While you are right that SMCI are customers of Nvidia, Nvidia has a HUGE bargaining power over its customers; simply because demand is way higher than supply. Supply is so tight to the point Nvidia gets to allocate its gpu to whoever they want - be it SMCI, Dell, HPE, gigabyte, or even ODM such as Foxconn, Quanta, wiwynn etc. so now since SMCI is failing, Nvidia just reallocate the AI chip intended for SMCI to other OEM. I dont see anything wrong. And the origin of this article is from bloomberg","html":"While you are right that SMCI are customers of Nvidia, Nvidia has a HUGE bargaining power over its customers; simply because demand is way higher than supply. Supply is so tight to the point Nvidia gets to allocate its gpu to whoever they want - be it SMCI, Dell, HPE, gigabyte, or even ODM such as Foxconn, Quanta, wiwynn etc. so now since SMCI is failing, Nvidia just reallocate the AI chip intended for SMCI to other OEM. I dont see anything wrong. And the origin of this article is from bloomberg"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":395754515677216,"gmtCreate":1737644884092,"gmtModify":1737644887245,"author":{"id":"4087913319322160","authorId":"4087913319322160","name":"Skysoul","avatar":"https://community-static.tradeup.com/news/05ee5fc56ed6316e2022e2bdcf350781","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087913319322160","idStr":"4087913319322160"},"themes":[],"htmlText":"No idea what the hell thus article is talking what type if AI are they going to do or use which will bring value&nbsp;","listText":"No idea what the hell thus article is talking what type if AI are they going to do or use which will bring value&nbsp;","text":"No idea what the hell thus article is talking what type if AI are they going to do or use which will bring value","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/395754515677216","repostId":"2505846090","repostType":2,"repost":{"id":"2505846090","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1737643766,"share":"https://ttm.financial/m/news/2505846090?lang=&edition=full_marsco","pubTime":"2025-01-23 22:49","market":"fut","language":"en","title":"Palantir in \"Sweet Spot\" for Federal AI Spending. These Analysts Are Bullish on the Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2505846090","media":"Dow Jones","summary":"Palantir Technologies could become a \"core winner\" in the trillions of artificial-intelligence spending over the next few years, Wedbush analysts said as they raised their price target on shares of the software company.Palantir stock was up 1.8% on Thursday. Analysts led by Dan Ives maintained an Outperform rating and raised their price target to $90 from $75, suggesting a potential 19% upside.While the valuation is expensive today, Palantir \"has a path to become the next Oracle or Salesforce ov","content":"<html><head></head><body><p>Palantir Technologies could become a &#34;core winner&#34; in the trillions of artificial-intelligence spending over the next few years, Wedbush analysts said as they raised their price target on shares of the software company.</p><p>Palantir stock was up 1.8% on Thursday. Analysts led by Dan Ives maintained an Outperform rating and raised their price target to $90 from $75, suggesting a potential 19% upside.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2535f896edbf32af0889113e0e448a3f\" tg-width=\"766\" tg-height=\"625\"/></p><p>While the valuation is expensive today, Palantir &#34;has a path to become the next Oracle or Salesforce over the coming years,&#34; the analysts wrote. Their bull thesis is rooted in the company&#39;s AI strategy, with Palantir seeing &#34;unprecedented demand&#34; for its AI platform from both commercial and federal clients.</p><p>In particular, Palantir&#39;s &#34;enhanced product portfolio of advanced AI capabilities&#34; continues to gain traction across various government agencies, the analysts said.</p><p>&#34;To this point we believe the Trump administration represents an additional tailwind,&#34; the analysts wrote, nodding to the recently unveiled Project Stargate initiative. &#34;In essence, Palantir is in the sweet spot to benefit from a tidal wave of federal spending on AI.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir in \"Sweet Spot\" for Federal AI Spending. These Analysts Are Bullish on the Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir in \"Sweet Spot\" for Federal AI Spending. These Analysts Are Bullish on the Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-23 22:49</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Palantir Technologies could become a &#34;core winner&#34; in the trillions of artificial-intelligence spending over the next few years, Wedbush analysts said as they raised their price target on shares of the software company.</p><p>Palantir stock was up 1.8% on Thursday. Analysts led by Dan Ives maintained an Outperform rating and raised their price target to $90 from $75, suggesting a potential 19% upside.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2535f896edbf32af0889113e0e448a3f\" tg-width=\"766\" tg-height=\"625\"/></p><p>While the valuation is expensive today, Palantir &#34;has a path to become the next Oracle or Salesforce over the coming years,&#34; the analysts wrote. Their bull thesis is rooted in the company&#39;s AI strategy, with Palantir seeing &#34;unprecedented demand&#34; for its AI platform from both commercial and federal clients.</p><p>In particular, Palantir&#39;s &#34;enhanced product portfolio of advanced AI capabilities&#34; continues to gain traction across various government agencies, the analysts said.</p><p>&#34;To this point we believe the Trump administration represents an additional tailwind,&#34; the analysts wrote, nodding to the recently unveiled Project Stargate initiative. &#34;In essence, Palantir is in the sweet spot to benefit from a tidal wave of federal spending on AI.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2505846090","content_text":"Palantir Technologies could become a \"core winner\" in the trillions of artificial-intelligence spending over the next few years, Wedbush analysts said as they raised their price target on shares of the software company.Palantir stock was up 1.8% on Thursday. Analysts led by Dan Ives maintained an Outperform rating and raised their price target to $90 from $75, suggesting a potential 19% upside.While the valuation is expensive today, Palantir \"has a path to become the next Oracle or Salesforce over the coming years,\" the analysts wrote. Their bull thesis is rooted in the company's AI strategy, with Palantir seeing \"unprecedented demand\" for its AI platform from both commercial and federal clients.In particular, Palantir's \"enhanced product portfolio of advanced AI capabilities\" continues to gain traction across various government agencies, the analysts said.\"To this point we believe the Trump administration represents an additional tailwind,\" the analysts wrote, nodding to the recently unveiled Project Stargate initiative. \"In essence, Palantir is in the sweet spot to benefit from a tidal wave of federal spending on AI.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":355,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9038306480,"gmtCreate":1646730937783,"gmtModify":1676534156040,"author":{"id":"4087913319322160","authorId":"4087913319322160","name":"Skysoul","avatar":"https://community-static.tradeup.com/news/05ee5fc56ed6316e2022e2bdcf350781","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087913319322160","idStr":"4087913319322160"},"themes":[],"htmlText":"Hm","listText":"Hm","text":"Hm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038306480","repostId":"1120894633","repostType":2,"repost":{"id":"1120894633","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1646730613,"share":"https://ttm.financial/m/news/1120894633?lang=&edition=full_marsco","pubTime":"2022-03-08 17:10","market":"us","language":"en","title":"Nickel ETN Surgerd over 40% Amid a Short Squeeze","url":"https://stock-news.laohu8.com/highlight/detail?id=1120894633","media":"Tiger Newspress","summary":"Nickel ETN surgerd over 40% amid a short squeeze.The London Metal Exchange has suspended trading in ","content":"<html><head></head><body><p>Nickel ETN surgerd over 40% amid a short squeeze.</p><p><img src=\"https://static.tigerbbs.com/d9497c32f60d9d6b727e9d7e61f28486\" tg-width=\"1157\" tg-height=\"916\" referrerpolicy=\"no-referrer\"/></p><p>The London Metal Exchange has suspended trading in its nickel contract after the price doubled on Tuesday and soared to a record above $100,000 a tonne amid a vicious short squeeze.</p><p>The 145-year-old exchange said it was evident the “evolving situation in Russia and Ukraine” had affected the nickel market and given the extreme price moves in Asian trading hours had taken the decision to halt trading on “orderly market grounds”.</p><p>“The LME will actively plan for the reopening of the nickel market, and will announce the mechanics of this to the market as soon as possible,” it said in a statement.</p><p>The conflict in Ukraine has caused huge volatility in commodity markets because of Russia’s position as a big supplier of energy, metals and food stuffs, but until now trading has continued in all major contracts.</p><p>The price of LME’s benchmark three-month nickel contract doubled in Asian trading on Tuesday and briefly rose above $100,000 a tonne following a jump of more than 70 per cent on Monday.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nickel ETN Surgerd over 40% Amid a Short Squeeze</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNickel ETN Surgerd over 40% Amid a Short Squeeze\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-03-08 17:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Nickel ETN surgerd over 40% amid a short squeeze.</p><p><img src=\"https://static.tigerbbs.com/d9497c32f60d9d6b727e9d7e61f28486\" tg-width=\"1157\" tg-height=\"916\" referrerpolicy=\"no-referrer\"/></p><p>The London Metal Exchange has suspended trading in its nickel contract after the price doubled on Tuesday and soared to a record above $100,000 a tonne amid a vicious short squeeze.</p><p>The 145-year-old exchange said it was evident the “evolving situation in Russia and Ukraine” had affected the nickel market and given the extreme price moves in Asian trading hours had taken the decision to halt trading on “orderly market grounds”.</p><p>“The LME will actively plan for the reopening of the nickel market, and will announce the mechanics of this to the market as soon as possible,” it said in a statement.</p><p>The conflict in Ukraine has caused huge volatility in commodity markets because of Russia’s position as a big supplier of energy, metals and food stuffs, but until now trading has continued in all major contracts.</p><p>The price of LME’s benchmark three-month nickel contract doubled in Asian trading on Tuesday and briefly rose above $100,000 a tonne following a jump of more than 70 per cent on Monday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NICK.UK":"镍ETF","JJN":"镍ETN-iPath"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120894633","content_text":"Nickel ETN surgerd over 40% amid a short squeeze.The London Metal Exchange has suspended trading in its nickel contract after the price doubled on Tuesday and soared to a record above $100,000 a tonne amid a vicious short squeeze.The 145-year-old exchange said it was evident the “evolving situation in Russia and Ukraine” had affected the nickel market and given the extreme price moves in Asian trading hours had taken the decision to halt trading on “orderly market grounds”.“The LME will actively plan for the reopening of the nickel market, and will announce the mechanics of this to the market as soon as possible,” it said in a statement.The conflict in Ukraine has caused huge volatility in commodity markets because of Russia’s position as a big supplier of energy, metals and food stuffs, but until now trading has continued in all major contracts.The price of LME’s benchmark three-month nickel contract doubled in Asian trading on Tuesday and briefly rose above $100,000 a tonne following a jump of more than 70 per cent on Monday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":850,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9999307136,"gmtCreate":1660458784727,"gmtModify":1676533475269,"author":{"id":"4087913319322160","authorId":"4087913319322160","name":"Skysoul","avatar":"https://community-static.tradeup.com/news/05ee5fc56ed6316e2022e2bdcf350781","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087913319322160","idStr":"4087913319322160"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999307136","repostId":"2259268147","repostType":2,"repost":{"id":"2259268147","kind":"highlight","pubTimestamp":1660443357,"share":"https://ttm.financial/m/news/2259268147?lang=&edition=full_marsco","pubTime":"2022-08-14 10:15","market":"us","language":"en","title":"How to Make 300% in the Stock Market Without Really Trying","url":"https://stock-news.laohu8.com/highlight/detail?id=2259268147","media":"InvestorPlace","summary":"In 2012, I made 300% returns in the stock market without really trying.It happened again in 2020…And","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/7cec91627f47c890c9b15078a688d4f9\" tg-width=\"768\" tg-height=\"432\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>In 2012, I made 300% returns in the stock market without really trying.</p><p>It happened again in 2020…</p><p>And then again in 2021…</p><p>My secret?</p><p><i><b>I bought companies in consolidating industries</b></i>.</p><p>For 2012, it was the airline industry. Ammunition in 2020. And coal in 2021.</p><p>In each of these cases, a “terrible” industry would see profits rise 5x… 10x… 20x… after bankruptcies, liquidations and mergers left the industry with few remaining players. It’s a wellspring of easy profits.</p><p>The strategy only works every several years; industry consolidation doesn’t happen all the time.</p><p>But when it does happen, investors can outperform the market. And today, one new industry is teasing 300% returns. Read on to find which one.</p><p>And if you enjoy this article, <b>click here to subscribe to Tom Yeung’s </b><b><i>Profit &amp; Protection</i></b><b> to get the latest updates in your inbox</b>.</p><h2>Exploiting Inefficient Markets</h2><p>The reason for airline outperformance was simple:</p><p>Markets are efficient vehicles for gathering consensus market views…</p><p><i><b>…but consensus views are sometimes slow to change, especially with consolidating industries</b></i>.</p><p>In the case of airlines, investors “knew” it was a terrible industry.</p><p>“For 100 years, airline transport has not been a good business,” Warren Buffett said in a 2013 interview on <i>CNBC</i>. “A seat on an airliner as a commodity to a great extent.”</p><p>But managers with billion-dollar funds often can’t see the changes that you and I do. The tight-fisted Mr. Buffett flies around in a private jet he once named “The Indefensible.” And how would an analyst sitting in Wall Street’s glass buildings (as I once did) know the price of a gallon of milk? Even I almost missed the rise of airline fares.</p><p>Yet, these Wall Street blind spots create enormous buying opportunities.</p><ul><li><b>Railways.</b> Companies like <b>Canadian Pacific Railway</b> (NYSE:<b><u>CP</u></b>) rose +600% between 2009-2014.</li><li><b>Ammunition.</b> Bullet-maker <b><a href=\"https://laohu8.com/S/VGL.AU\">Vista</a> Outdoors</b> (NYSE:<b><u>VSTO</u></b>) jumped +550% between 2020-2021.</li><li><b>Coal.</b> Near-bankrupt miner <b><a href=\"https://laohu8.com/S/BTU\">Peabody</a> Energy</b> (NYSE:<b><u>BTU</u></b>) skyrocketed +900% between 2021-2022</li></ul><p>In each of these instances, a “Main Street” industry would suddenly become a superstar winner because of one word:</p><p><i><b>Consolidation</b></i>.</p><p>In the case of airlines, mega-mergers between top players meant that the top 4 carriers controlled two-thirds of the industry by 2013. <b>Delta</b> (NYSE:<b><u>DAL</u></b>) would make up 80% of all flights from Atlanta’s Hartsfield-Jackson airport that year.</p><p>In rail, these same forces would turn a struggling industry into one of America’s most profitable sectors. Only seven Class I freight railroads exist today, down from 33 in 1980. And concentration in specific sectors is higher; two railroads now originate 65% of all U.S. grain.</p><p>These changes are apparent to anyone who works in the business. Try to buy ammunition at your local gun store, and you’ll have a choice between two manufacturers. Shells now easily cost over a dollar per round. And at the grocery store, our choice of meat and prepackaged bread is an illusion. 2-3 companies now own dozens of brands on store shelves.</p><p>Observant investors will notice these things in everyday life.</p><p>Meanwhile, outsiders on Wall Street are often slow in responding to these tectonic shifts, especially when they’re happening far away from the glass high-rise offices of <a href=\"https://laohu8.com/S/MHC.AU\">Manhattan</a> or Omaha.</p><h2>Beating the Street at Its Own Game</h2><p>There are three ingredients to these hidden gems:</p><ul><li><b>A “Hated” Industry.</b> A history of low returns, poor growth and high capital requirements will set the stage for cheap stock prices.</li><li><b>Consolidation.</b> Mergers, acquisitions and bankruptcies that give the remaining players pricing power.</li><li><b>Essential Goods.</b> Sectors that produce goods that are difficult or impossible to substitute.</li></ul><p>And today, one sector stands out as the next big winner:</p><p><i><b>Telecom</b></i>.</p><h2>From Four to Three</h2><p>Ask any Wall Street investor about telecom, and watch them respond with a mix of apathy and disgust. The <b><a href=\"https://laohu8.com/S/EMDI\">iShares</a> Global Communication Services ETF</b> (NYSEARCA:<b><u>IXP</u></b>) has risen just 7% since 2005, underperforming every other sector of the Global Industry Classification Standard (GICS).</p><p><img src=\"https://static.tigerbbs.com/d89746888da2d9510b64a9f031eaecd5\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/><img src=\"https://static.tigerbbs.com/683bb6c2aa728f75d0baebfe009399e0\" tg-width=\"580\" tg-height=\"372\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>There’s a good reason for the dismal performance. For years, America’s telecom firms have fought in a seven-way battle. The two top players <b>AT&amp;T</b> (NYSE:<b><u>T</u></b>) and <b>Verizon</b> (NYSE:<b><u>VZ</u></b>) competed against upstarts <b>Sprint</b> and <b>T-Mobile</b> (NASDAQ:<b><u>TMUS</u></b>), along with smaller players <b>Leap</b>, <b>MetroPCS</b> and <b>U.S. Cellular</b> (NYSE:<b><u>USM</u></b>).</p><p>It was a recipe for disaster. High capital expenditure, changing technologies and a massive country to cover meant that firms like Verizon could sink $20 billion per year since 2000 into capital investment and <i>still</i> see end-user prices stagnate.</p><p>Put another way, my $40-per-month cell phone bill had barely budged in the 20 years leading up to 2020</p><p><i><b>But that also gives telecom the perfect setup for 300% gains</b></i>.</p><p>Since 2011, the number of wireless providers has shrunk from seven to four. And with U.S. Cellular’s market share dropping to 1%, the wireless industry has become a three-way race.</p><p>Prices have already started creeping up. The cheapest plan from T-Mobile for a single line now costs $70 after taxes and fees, reversing years of price declines. According to the BLS, spending on cell phone services finally stopped falling in 2020.</p><p>“A stable competitive market never has more than three significant competitors,” BCG founder Bruce Henderson noted in 1976. The “rule of three” eventually makes it “neither practical nor advantageous for either competitor to increase or decrease share.”</p><p>In other words, telecom is no longer a race to the bottom.</p><h2>Which Telecom Stock Should You Buy?</h2><p>So, why do I say investors can make 300% with virtually no effort?</p><p>That’s because there’s no need for fancy 3-stage DCF models…</p><p>…Complicated intrinsic value calculations…</p><p>…Or reading the tea leaves of management guidance.</p><p>That’s because when industries consolidate, <b>all companies gain</b>.</p><p>For airlines in 2013, investors could have easily made the same high returns on <b>Southwest </b>(NYSE:<b><u>LUV</u></b>), <b>United</b> (NASDAQ:<b><u>UAL</u></b>) or <b>Hawaiian</b> (NASDAQ:<b><u>HA</u></b>).</p><p>Similarly, telecom’s three remaining players – AT&amp;T, Verizon and T-Mobile – all stand to profit. Even though Profit &amp; Protection has highlighted AT&amp;T for its cheapest starting price, the trio all provide the same essential wireless services, and all have begun flexing their oligopolistic pricing power.</p><p><i><b>Bottom line: buy AT&amp;T if you only pick one telecom, but all three should outperform over the next decade</b></i>.</p><h2>Some Patience Required… </h2><p>Consolidation plays are phenomenal for their high batting average and relative safety. AT&amp;T has a 6% dividend yield, one of the highest rates for a blue-chip stock.</p><p>The strategy, however, can take years to play out. Freight railroad <b>CSX</b> (NASDAQ:<b><u>CSX</u></b>) took over a decade to rise 10x.</p><p>That means high-frequency traders are better off buying high-beta momentum stocks listed in Tuesday’s newsletter. But if you are willing to wait for returns without really trying, then AT&amp;T and the telecom industry provides a stunningly attractive play.</p></body></html>","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How to Make 300% in the Stock Market Without Really Trying</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow to Make 300% in the Stock Market Without Really Trying\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-14 10:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/08/how-to-make-300-in-the-stock-market-without-really-trying/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In 2012, I made 300% returns in the stock market without really trying.It happened again in 2020…And then again in 2021…My secret?I bought companies in consolidating industries.For 2012, it was the ...</p>\n\n<a href=\"https://investorplace.com/2022/08/how-to-make-300-in-the-stock-market-without-really-trying/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LUV":"西南航空","CP":"加拿大太平洋铁路","PSQ":"纳指反向ETF","BK4156":"煤与消费用燃料","BK4561":"索罗斯持仓","VSTO":"Vista Outdoor Inc","BK4581":"高盛持仓","CSX":"CSX运输","BK4549":"软银资本持仓","QID":"纳指两倍做空ETF","TMUS":"T-Mobile US Inc","QQQ":"纳指100ETF","USM":"美国无线电话","SQQQ":"纳指三倍做空ETF","T":"美国电话电报","BK4190":"消闲用品","BK4016":"铁路","BK4532":"文艺复兴科技持仓","BK4515":"5G概念","TQQQ":"纳指三倍做多ETF","BK4520":"美国基建股","BK4008":"航空公司","VZ":"威瑞森","UAL":"联合大陆航空","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓",".IXIC":"NASDAQ Composite","BK4533":"AQR资本管理(全球第二大对冲基金)","QLD":"纳指两倍做多ETF","BK4566":"资本集团","BTU":"Peabody","BK4132":"无线电信业务","DAL":"达美航空","BK4559":"巴菲特持仓","BK4500":"航空公司","BK4550":"红杉资本持仓","BK4115":"综合电信业务"},"source_url":"https://investorplace.com/2022/08/how-to-make-300-in-the-stock-market-without-really-trying/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2259268147","content_text":"In 2012, I made 300% returns in the stock market without really trying.It happened again in 2020…And then again in 2021…My secret?I bought companies in consolidating industries.For 2012, it was the airline industry. Ammunition in 2020. And coal in 2021.In each of these cases, a “terrible” industry would see profits rise 5x… 10x… 20x… after bankruptcies, liquidations and mergers left the industry with few remaining players. It’s a wellspring of easy profits.The strategy only works every several years; industry consolidation doesn’t happen all the time.But when it does happen, investors can outperform the market. And today, one new industry is teasing 300% returns. Read on to find which one.And if you enjoy this article, click here to subscribe to Tom Yeung’s Profit & Protection to get the latest updates in your inbox.Exploiting Inefficient MarketsThe reason for airline outperformance was simple:Markets are efficient vehicles for gathering consensus market views……but consensus views are sometimes slow to change, especially with consolidating industries.In the case of airlines, investors “knew” it was a terrible industry.“For 100 years, airline transport has not been a good business,” Warren Buffett said in a 2013 interview on CNBC. “A seat on an airliner as a commodity to a great extent.”But managers with billion-dollar funds often can’t see the changes that you and I do. The tight-fisted Mr. Buffett flies around in a private jet he once named “The Indefensible.” And how would an analyst sitting in Wall Street’s glass buildings (as I once did) know the price of a gallon of milk? Even I almost missed the rise of airline fares.Yet, these Wall Street blind spots create enormous buying opportunities.Railways. Companies like Canadian Pacific Railway (NYSE:CP) rose +600% between 2009-2014.Ammunition. Bullet-maker Vista Outdoors (NYSE:VSTO) jumped +550% between 2020-2021.Coal. Near-bankrupt miner Peabody Energy (NYSE:BTU) skyrocketed +900% between 2021-2022In each of these instances, a “Main Street” industry would suddenly become a superstar winner because of one word:Consolidation.In the case of airlines, mega-mergers between top players meant that the top 4 carriers controlled two-thirds of the industry by 2013. Delta (NYSE:DAL) would make up 80% of all flights from Atlanta’s Hartsfield-Jackson airport that year.In rail, these same forces would turn a struggling industry into one of America’s most profitable sectors. Only seven Class I freight railroads exist today, down from 33 in 1980. And concentration in specific sectors is higher; two railroads now originate 65% of all U.S. grain.These changes are apparent to anyone who works in the business. Try to buy ammunition at your local gun store, and you’ll have a choice between two manufacturers. Shells now easily cost over a dollar per round. And at the grocery store, our choice of meat and prepackaged bread is an illusion. 2-3 companies now own dozens of brands on store shelves.Observant investors will notice these things in everyday life.Meanwhile, outsiders on Wall Street are often slow in responding to these tectonic shifts, especially when they’re happening far away from the glass high-rise offices of Manhattan or Omaha.Beating the Street at Its Own GameThere are three ingredients to these hidden gems:A “Hated” Industry. A history of low returns, poor growth and high capital requirements will set the stage for cheap stock prices.Consolidation. Mergers, acquisitions and bankruptcies that give the remaining players pricing power.Essential Goods. Sectors that produce goods that are difficult or impossible to substitute.And today, one sector stands out as the next big winner:Telecom.From Four to ThreeAsk any Wall Street investor about telecom, and watch them respond with a mix of apathy and disgust. The iShares Global Communication Services ETF (NYSEARCA:IXP) has risen just 7% since 2005, underperforming every other sector of the Global Industry Classification Standard (GICS).There’s a good reason for the dismal performance. For years, America’s telecom firms have fought in a seven-way battle. The two top players AT&T (NYSE:T) and Verizon (NYSE:VZ) competed against upstarts Sprint and T-Mobile (NASDAQ:TMUS), along with smaller players Leap, MetroPCS and U.S. Cellular (NYSE:USM).It was a recipe for disaster. High capital expenditure, changing technologies and a massive country to cover meant that firms like Verizon could sink $20 billion per year since 2000 into capital investment and still see end-user prices stagnate.Put another way, my $40-per-month cell phone bill had barely budged in the 20 years leading up to 2020But that also gives telecom the perfect setup for 300% gains.Since 2011, the number of wireless providers has shrunk from seven to four. And with U.S. Cellular’s market share dropping to 1%, the wireless industry has become a three-way race.Prices have already started creeping up. The cheapest plan from T-Mobile for a single line now costs $70 after taxes and fees, reversing years of price declines. According to the BLS, spending on cell phone services finally stopped falling in 2020.“A stable competitive market never has more than three significant competitors,” BCG founder Bruce Henderson noted in 1976. The “rule of three” eventually makes it “neither practical nor advantageous for either competitor to increase or decrease share.”In other words, telecom is no longer a race to the bottom.Which Telecom Stock Should You Buy?So, why do I say investors can make 300% with virtually no effort?That’s because there’s no need for fancy 3-stage DCF models……Complicated intrinsic value calculations……Or reading the tea leaves of management guidance.That’s because when industries consolidate, all companies gain.For airlines in 2013, investors could have easily made the same high returns on Southwest (NYSE:LUV), United (NASDAQ:UAL) or Hawaiian (NASDAQ:HA).Similarly, telecom’s three remaining players – AT&T, Verizon and T-Mobile – all stand to profit. Even though Profit & Protection has highlighted AT&T for its cheapest starting price, the trio all provide the same essential wireless services, and all have begun flexing their oligopolistic pricing power.Bottom line: buy AT&T if you only pick one telecom, but all three should outperform over the next decade.Some Patience Required… Consolidation plays are phenomenal for their high batting average and relative safety. AT&T has a 6% dividend yield, one of the highest rates for a blue-chip stock.The strategy, however, can take years to play out. Freight railroad CSX (NASDAQ:CSX) took over a decade to rise 10x.That means high-frequency traders are better off buying high-beta momentum stocks listed in Tuesday’s newsletter. But if you are willing to wait for returns without really trying, then AT&T and the telecom industry provides a stunningly attractive play.","news_type":1},"isVote":1,"tweetType":1,"viewCount":838,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":405243417195128,"gmtCreate":1739974992876,"gmtModify":1739974996052,"author":{"id":"4087913319322160","authorId":"4087913319322160","name":"Skysoul","avatar":"https://community-static.tradeup.com/news/05ee5fc56ed6316e2022e2bdcf350781","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087913319322160","idStr":"4087913319322160"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a> g","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a> g","text":"$Tiger Brokers(TIGR)$ g","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/405243417195128","isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":367731589152872,"gmtCreate":1730796065975,"gmtModify":1730796070098,"author":{"id":"4087913319322160","authorId":"4087913319322160","name":"Skysoul","avatar":"https://community-static.tradeup.com/news/05ee5fc56ed6316e2022e2bdcf350781","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087913319322160","idStr":"4087913319322160"},"themes":[],"htmlText":"All these becos of misclassication of services to hardware cat revenue .....","listText":"All these becos of misclassication of services to hardware cat revenue .....","text":"All these becos of misclassication of services to hardware cat revenue .....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/367731589152872","repostId":"2481670835","repostType":2,"repost":{"id":"2481670835","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1730794271,"share":"https://ttm.financial/m/news/2481670835?lang=&edition=full_marsco","pubTime":"2024-11-05 16:11","market":"nz","language":"en","title":"Super Micro Needs a New CEO Before Its AI Advantage Erodes","url":"https://stock-news.laohu8.com/highlight/detail?id=2481670835","media":"Dow Jones","summary":"The AI-server maker needs change at the top to recapture the trust of investors and customers. Super Micro Computer Inc. was an early beneficiary of the artificial-intelligence boom. But with the server maker under an accounting cloud, Super Micro now needs its chief executive to step down so it can fully realize the benefits of that trend.Last week, the abrupt resignation of the company's auditors Ernst & Young marked the second time in six years under Chief Executive Charles Liang's leadership that Super Micro has been accused by of improper internal financial controls. The company faces the possibility of a second delisting, as it delayed and still has not yet filed its annual report for fiscal 2024.Liang co-founded Super Micro with his wife, Sara Liu, who is described in the company's last annual report from fiscal 2023 as senior vice president and director, and h","content":"<html><head></head><body><p>Super Micro Computer Inc. was an early beneficiary of the artificial-intelligence boom. But with the server maker under an accounting cloud, Super Micro now needs its chief executive to step down so it can fully realize the benefits of that trend.</p><p>Last week, the abrupt resignation of the company&#39;s auditors Ernst &amp; Young marked the second time in six years under Chief Executive Charles Liang&#39;s leadership that Super Micro has been accused by of improper internal financial controls. The company faces the possibility of a second delisting, as it delayed and still has not yet filed its annual report for fiscal 2024.</p><p>Deloitte &amp; Touche&#39;s last audit of the company took place in fiscal 2023, and Super Micro <a href=\"https://laohu8.com/S/SMCI\">$(SMCI)$</a> asked shareholders to ratify EY as its new auditors at its 2023 annual meeting. One accounting expert, Francine McKenna, said that it is going to be tough for the company to find another auditor among the remaining Big Four accounting firms that Super Micro has not worked with. The remaining two, KPMG and PWC, would likely want big management changes at the top, such as the resignation of the CEO and possibly the CFO, and a new audit committee, according to McKenna, a former MarketWatch reporter.</p><p>&#34;They are obviously a very complex, problematic, recidivist, high-profile company,&#34; McKenna said. &#34;They have allegations by the DOJ, they have an activist short-seller report. Is another Big Four, either KPMG or PWC, going to take them on?&#34;</p><p>One precedent cited by McKenna, who writes The Dig, a newsletter on accounting, audit and corporate governance, comes from 2004, when electronics components maker Molex&#39;s outside auditor resigned in another so-called noisy resignation. Ernst &amp; Young took over as Molex&#39;s auditors in 2004 on the condition that its CEO and CFO resign.</p><p>The clock is ticking for Super Micro to find a new auditor as the company has until Nov. 16 to submit a plan on its timeline to file its annual report, which has to be approved by the Nasdaq. The company will be hosting a business update call on Tuesday, but it will not release earnings.</p><p>More recently, there was a similar situation in 2016 at Marvell Technology Inc. <a href=\"https://laohu8.com/S/MRVL\">$(MRVL)$</a>, which fired its co-founding husband-and-wife team, CEO Sehat Sutardja and President Weili Dai, after accounting issues led to an audit-committee investigation into its revenue-recognition policies, and probes by regulators. The co-founders remained on Marvell&#39;s board at the time. Marvell&#39;s investigation found no evidence of fraud but said that the &#34;tone at the top&#34; included pressure to meet revenue targets.</p><p>Liang co-founded Super Micro with his wife, Sara Liu, who is described in the company&#39;s last annual report from fiscal 2023 as senior vice president and director, and has had various positions, including treasurer.</p><p>Super Micro has seen revenue boom recently thanks to surging demand for artificial-intelligence servers, and at their highest point of 2024, Super Micro shares were up more than 300% on the year. But while Liang led the company to great heights, he&#39;s remained in charge for a precipitous fall in the stock price, as investors weigh the accounting concerns as well as margin pressures in the AI-server business. It is also being probed by the Department of Justice, and its stock has now erased its year-to-date gains.</p><p>Super Micro said in an SEC filing it doesn&#39;t believe that the ongoing review of its financial controls will lead to a restatement of past financial results and it disagrees with EY&#39;s decision. But the matter has become a dark cloud over the stock. Liang should step down so that the company can regain the trust of Wall Street and customers. A Melius Research analyst recently hypothesized that customers are now paying attention to Super Micro&#39;s saga, which could help competitor Dell Technologies Inc. <a href=\"https://laohu8.com/S/DELL\">$(DELL)$</a> down the line.</p><p>A Super Micro spokesman referred to the company&#39;s past statements on the matter, and did not provide a comment on the board&#39;s continued support of Liang.</p><p>Comments from Ernst &amp; Young, cited in a regulatory filing by Super Micro, indicated that the auditors believe the company&#39;s board and audit committee are not independent from the CEO. EY said information it received as part of a special committee review &#34;raised questions, including about whether the company demonstrates a commitment to integrity and ethical values&#34; consistent with good financial-control principles, and &#34;about the ability and willingness of the audit committee and overall board to demonstrate and act as an oversight body...independent of the CEO.&#34;</p><p>EY added that the company was &#34;unwilling to be associated with the financial statements prepared by management,&#34; according to the filing.</p><p>Accounting experts said it is extremely rare for an audit firm, especially one of the Big Four, to disclose their reasons for resigning.</p><p>&#34;I suspect this happens a lot more than we see, except that the audit firms don&#39;t talk about it,&#34; said Shiva Rajgopal, a professor of accounting and auditing at Columbia Business School. &#34;This is the nuclear option. This must be really bad, otherwise they would not have gone public.&#34;</p><p>McKenna said it&#39;s possible a smaller, lesser-known accounting firm could take the company on as a client, but she fears that that a smaller firm &#34;would not have the experience, competence or the national-office backing - the oomph, the gravitas - to get these these guys to shape up,&#34; she said. She added that regulators would likely not be as hard on the company if there are significant changes at the top. &#34;The only way they could come out of it is if one of the other Big Four agreed to take it on and insisted on significant management and board changes.&#34;</p><p>In 2018, the Nasdaq began its previous delisting procedures. Super Micro <a href=\"https://laohu8.com/S/SMCI.UK\">$(SMCI.UK)$</a> did not file its fiscal 2017 financial reports on time, saying it had to compile and analyze certain information to finalize the documentation and complete a related audit-committee investigation. In January 2020, it was approved for relisting, and Liang was ordered by the Securities and Exchange Commission to reimburse Super Micro $2.1 million for stock profits he realized during the accounting period under question.</p><p>In one example of how close the company&#39;s board is to Liang, in March 2020, Super Micro&#39;s board agreed to give him a one-time payment of up to $8 million if the company&#39;s stock price met certain targets, to reward him for his &#34;valuable contributions and loyal service&#34; particularly during through the period &#34;when the company was not current in its SEC filings.&#34;</p><p>Liang was not accused of wrongdoing at that time, but then-Chief Financial Officer Howard Hideshima was charged with prematurely recognizing revenue and understating expenses over a period of at least three years, and the company paid a $17.5 million civil penalty, without admitting or denying the SEC&#39;s finding.</p><p>Hideshima, who was ordered to pay $350,000 to the SEC, now says on his LinkedIn page that he is working as a consultant for Ablecom Technology Inc., a manufacturing partner of Super Micro run by Steve Liang, Charles&#39;s brother. Charles Liang and his wife own 10% of Ablecom.</p><p>The company has disclosed all of these related-party associations in its 10K filings, except for mentioning that its former CFO, who was charged in its former accounting debacle, still works for companies associated with Charles Liang. Steve Liang and another brother, Bill Liang, are also on the board of Ablecom. These related parties were highlighted as problematic in a short-seller report in August by Hindenburg Research.</p><p>Liang repeatedly has said in interviews over the past few years that the company fixed the internal-control issues that led to its previous delisting, including in an interview to MarketWatch in 2023.</p><p>This past August, when Hindenburg detailed what it found as red flags, it also highlighted a whistleblower lawsuit filed against the company in April, in which the plaintiff, Bob Luong, alleged how Super Micro misallocated revenue to hardware from services to inflate margins in its hardware business. A recurring concern among Wall Street analysts has been the low gross margins in its server business, even as revenue has surged due to a boost in sales for AI data centers.</p><p>In early September, Super Micro said that the Hindenburg report was misleading and that it does not expect its delayed annual report to contain materially different results from those already reported. Liang also said in a letter to investors and customers that the Hindenburg report contained &#34;misleading presentations of information that we have previously shared publicly.&#34; In July, after EY told the board&#39;s audit committee about its concerns about Super Micro&#39;s financial controls, an independent special committee was formed to review certain internal controls and certain corporate-governance procedures.</p><p>Liang owns over 11% of Super Micro stock, according to FactSet, but he is also seen as a key to the company, which warned in its fiscal 2023 annual report that it had no succession plan. &#34;His experience in leading our business and his personal involvement in key relationships with suppliers, customers and strategic partners are extremely valuable to our company,&#34; Super Micro said in that August 2023 filing. &#34;We currently do not have a succession plan for the replacement of Mr. Liang if it were to become necessary.&#34;</p><p>In a June 2023 interview with MarketWatch, Liang was asked about a succession plan, and said the company &#34;was planning, for sure,&#34; but he declined to provide any further details. Liang has been an early advocate for green computing, a key issue coming up now with power-hungry AI servers. He was described in a report by short-seller Spruce Point Capital Management in early 2023 as &#34;a genius&#34; by a former employee and described as a &#34;counter-thinker.&#34;</p><p>&#34;It&#39;s a liability. If he were to go, there&#39;s nothing behind him. There&#39;s a vacuum,&#34; the former employee told Spruce Point Capital at the time.</p><p>Now the company should start to think about succession earlier than expected, or risk that customers will make their future purchases elsewhere, all while investor trust dwindles. If Liang were to step down, Super Micro potentially could get a Big Four auditor to help it regain the confidence of the financial community.</p><p>As the saying goes, something appears to be rotten in Denmark, and the CEO needs to give someone else the chance to return the company to its former glory.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Super Micro Needs a New CEO Before Its AI Advantage Erodes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSuper Micro Needs a New CEO Before Its AI Advantage Erodes\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-05 16:11</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Super Micro Computer Inc. was an early beneficiary of the artificial-intelligence boom. But with the server maker under an accounting cloud, Super Micro now needs its chief executive to step down so it can fully realize the benefits of that trend.</p><p>Last week, the abrupt resignation of the company&#39;s auditors Ernst &amp; Young marked the second time in six years under Chief Executive Charles Liang&#39;s leadership that Super Micro has been accused by of improper internal financial controls. The company faces the possibility of a second delisting, as it delayed and still has not yet filed its annual report for fiscal 2024.</p><p>Deloitte &amp; Touche&#39;s last audit of the company took place in fiscal 2023, and Super Micro <a href=\"https://laohu8.com/S/SMCI\">$(SMCI)$</a> asked shareholders to ratify EY as its new auditors at its 2023 annual meeting. One accounting expert, Francine McKenna, said that it is going to be tough for the company to find another auditor among the remaining Big Four accounting firms that Super Micro has not worked with. The remaining two, KPMG and PWC, would likely want big management changes at the top, such as the resignation of the CEO and possibly the CFO, and a new audit committee, according to McKenna, a former MarketWatch reporter.</p><p>&#34;They are obviously a very complex, problematic, recidivist, high-profile company,&#34; McKenna said. &#34;They have allegations by the DOJ, they have an activist short-seller report. Is another Big Four, either KPMG or PWC, going to take them on?&#34;</p><p>One precedent cited by McKenna, who writes The Dig, a newsletter on accounting, audit and corporate governance, comes from 2004, when electronics components maker Molex&#39;s outside auditor resigned in another so-called noisy resignation. Ernst &amp; Young took over as Molex&#39;s auditors in 2004 on the condition that its CEO and CFO resign.</p><p>The clock is ticking for Super Micro to find a new auditor as the company has until Nov. 16 to submit a plan on its timeline to file its annual report, which has to be approved by the Nasdaq. The company will be hosting a business update call on Tuesday, but it will not release earnings.</p><p>More recently, there was a similar situation in 2016 at Marvell Technology Inc. <a href=\"https://laohu8.com/S/MRVL\">$(MRVL)$</a>, which fired its co-founding husband-and-wife team, CEO Sehat Sutardja and President Weili Dai, after accounting issues led to an audit-committee investigation into its revenue-recognition policies, and probes by regulators. The co-founders remained on Marvell&#39;s board at the time. Marvell&#39;s investigation found no evidence of fraud but said that the &#34;tone at the top&#34; included pressure to meet revenue targets.</p><p>Liang co-founded Super Micro with his wife, Sara Liu, who is described in the company&#39;s last annual report from fiscal 2023 as senior vice president and director, and has had various positions, including treasurer.</p><p>Super Micro has seen revenue boom recently thanks to surging demand for artificial-intelligence servers, and at their highest point of 2024, Super Micro shares were up more than 300% on the year. But while Liang led the company to great heights, he&#39;s remained in charge for a precipitous fall in the stock price, as investors weigh the accounting concerns as well as margin pressures in the AI-server business. It is also being probed by the Department of Justice, and its stock has now erased its year-to-date gains.</p><p>Super Micro said in an SEC filing it doesn&#39;t believe that the ongoing review of its financial controls will lead to a restatement of past financial results and it disagrees with EY&#39;s decision. But the matter has become a dark cloud over the stock. Liang should step down so that the company can regain the trust of Wall Street and customers. A Melius Research analyst recently hypothesized that customers are now paying attention to Super Micro&#39;s saga, which could help competitor Dell Technologies Inc. <a href=\"https://laohu8.com/S/DELL\">$(DELL)$</a> down the line.</p><p>A Super Micro spokesman referred to the company&#39;s past statements on the matter, and did not provide a comment on the board&#39;s continued support of Liang.</p><p>Comments from Ernst &amp; Young, cited in a regulatory filing by Super Micro, indicated that the auditors believe the company&#39;s board and audit committee are not independent from the CEO. EY said information it received as part of a special committee review &#34;raised questions, including about whether the company demonstrates a commitment to integrity and ethical values&#34; consistent with good financial-control principles, and &#34;about the ability and willingness of the audit committee and overall board to demonstrate and act as an oversight body...independent of the CEO.&#34;</p><p>EY added that the company was &#34;unwilling to be associated with the financial statements prepared by management,&#34; according to the filing.</p><p>Accounting experts said it is extremely rare for an audit firm, especially one of the Big Four, to disclose their reasons for resigning.</p><p>&#34;I suspect this happens a lot more than we see, except that the audit firms don&#39;t talk about it,&#34; said Shiva Rajgopal, a professor of accounting and auditing at Columbia Business School. &#34;This is the nuclear option. This must be really bad, otherwise they would not have gone public.&#34;</p><p>McKenna said it&#39;s possible a smaller, lesser-known accounting firm could take the company on as a client, but she fears that that a smaller firm &#34;would not have the experience, competence or the national-office backing - the oomph, the gravitas - to get these these guys to shape up,&#34; she said. She added that regulators would likely not be as hard on the company if there are significant changes at the top. &#34;The only way they could come out of it is if one of the other Big Four agreed to take it on and insisted on significant management and board changes.&#34;</p><p>In 2018, the Nasdaq began its previous delisting procedures. Super Micro <a href=\"https://laohu8.com/S/SMCI.UK\">$(SMCI.UK)$</a> did not file its fiscal 2017 financial reports on time, saying it had to compile and analyze certain information to finalize the documentation and complete a related audit-committee investigation. In January 2020, it was approved for relisting, and Liang was ordered by the Securities and Exchange Commission to reimburse Super Micro $2.1 million for stock profits he realized during the accounting period under question.</p><p>In one example of how close the company&#39;s board is to Liang, in March 2020, Super Micro&#39;s board agreed to give him a one-time payment of up to $8 million if the company&#39;s stock price met certain targets, to reward him for his &#34;valuable contributions and loyal service&#34; particularly during through the period &#34;when the company was not current in its SEC filings.&#34;</p><p>Liang was not accused of wrongdoing at that time, but then-Chief Financial Officer Howard Hideshima was charged with prematurely recognizing revenue and understating expenses over a period of at least three years, and the company paid a $17.5 million civil penalty, without admitting or denying the SEC&#39;s finding.</p><p>Hideshima, who was ordered to pay $350,000 to the SEC, now says on his LinkedIn page that he is working as a consultant for Ablecom Technology Inc., a manufacturing partner of Super Micro run by Steve Liang, Charles&#39;s brother. Charles Liang and his wife own 10% of Ablecom.</p><p>The company has disclosed all of these related-party associations in its 10K filings, except for mentioning that its former CFO, who was charged in its former accounting debacle, still works for companies associated with Charles Liang. Steve Liang and another brother, Bill Liang, are also on the board of Ablecom. These related parties were highlighted as problematic in a short-seller report in August by Hindenburg Research.</p><p>Liang repeatedly has said in interviews over the past few years that the company fixed the internal-control issues that led to its previous delisting, including in an interview to MarketWatch in 2023.</p><p>This past August, when Hindenburg detailed what it found as red flags, it also highlighted a whistleblower lawsuit filed against the company in April, in which the plaintiff, Bob Luong, alleged how Super Micro misallocated revenue to hardware from services to inflate margins in its hardware business. A recurring concern among Wall Street analysts has been the low gross margins in its server business, even as revenue has surged due to a boost in sales for AI data centers.</p><p>In early September, Super Micro said that the Hindenburg report was misleading and that it does not expect its delayed annual report to contain materially different results from those already reported. Liang also said in a letter to investors and customers that the Hindenburg report contained &#34;misleading presentations of information that we have previously shared publicly.&#34; In July, after EY told the board&#39;s audit committee about its concerns about Super Micro&#39;s financial controls, an independent special committee was formed to review certain internal controls and certain corporate-governance procedures.</p><p>Liang owns over 11% of Super Micro stock, according to FactSet, but he is also seen as a key to the company, which warned in its fiscal 2023 annual report that it had no succession plan. &#34;His experience in leading our business and his personal involvement in key relationships with suppliers, customers and strategic partners are extremely valuable to our company,&#34; Super Micro said in that August 2023 filing. &#34;We currently do not have a succession plan for the replacement of Mr. Liang if it were to become necessary.&#34;</p><p>In a June 2023 interview with MarketWatch, Liang was asked about a succession plan, and said the company &#34;was planning, for sure,&#34; but he declined to provide any further details. Liang has been an early advocate for green computing, a key issue coming up now with power-hungry AI servers. He was described in a report by short-seller Spruce Point Capital Management in early 2023 as &#34;a genius&#34; by a former employee and described as a &#34;counter-thinker.&#34;</p><p>&#34;It&#39;s a liability. If he were to go, there&#39;s nothing behind him. There&#39;s a vacuum,&#34; the former employee told Spruce Point Capital at the time.</p><p>Now the company should start to think about succession earlier than expected, or risk that customers will make their future purchases elsewhere, all while investor trust dwindles. If Liang were to step down, Super Micro potentially could get a Big Four auditor to help it regain the confidence of the financial community.</p><p>As the saying goes, something appears to be rotten in Denmark, and the CEO needs to give someone else the chance to return the company to its former glory.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU2272731865.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AM\" (HKD) INC","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","BK4535":"淡马锡持仓","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","BK4588":"碎股","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","BK4141":"半导体产品","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","MRVL":"迈威尔科技","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","SMCI":"超微电脑","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","BK4581":"高盛持仓","LU0056508442.USD":"贝莱德世界科技基金A2","LU2473716301.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMF\" (USD) INC","LU1992135399.USD":"Allianz Global Intelligent Cities AT Acc USD","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","BK4170":"电脑硬件、储存设备及电脑周边","LU2272731782.SGD":"Allianz Global Intelligent Cities AM Dis H2-SGD","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc","LU2272731600.USD":"Allianz Global Intelligent Cities AM Dis USD","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU1169590202.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"I\" (USD) ACC","LU2322448791.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (USD) INC","LU1169589451.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC","LU2322448957.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (HKD) INC","LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","BK4515":"5G概念","BK4585":"ETF&股票定投概念"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2481670835","content_text":"Super Micro Computer Inc. was an early beneficiary of the artificial-intelligence boom. But with the server maker under an accounting cloud, Super Micro now needs its chief executive to step down so it can fully realize the benefits of that trend.Last week, the abrupt resignation of the company's auditors Ernst & Young marked the second time in six years under Chief Executive Charles Liang's leadership that Super Micro has been accused by of improper internal financial controls. The company faces the possibility of a second delisting, as it delayed and still has not yet filed its annual report for fiscal 2024.Deloitte & Touche's last audit of the company took place in fiscal 2023, and Super Micro $(SMCI)$ asked shareholders to ratify EY as its new auditors at its 2023 annual meeting. One accounting expert, Francine McKenna, said that it is going to be tough for the company to find another auditor among the remaining Big Four accounting firms that Super Micro has not worked with. The remaining two, KPMG and PWC, would likely want big management changes at the top, such as the resignation of the CEO and possibly the CFO, and a new audit committee, according to McKenna, a former MarketWatch reporter.\"They are obviously a very complex, problematic, recidivist, high-profile company,\" McKenna said. \"They have allegations by the DOJ, they have an activist short-seller report. Is another Big Four, either KPMG or PWC, going to take them on?\"One precedent cited by McKenna, who writes The Dig, a newsletter on accounting, audit and corporate governance, comes from 2004, when electronics components maker Molex's outside auditor resigned in another so-called noisy resignation. Ernst & Young took over as Molex's auditors in 2004 on the condition that its CEO and CFO resign.The clock is ticking for Super Micro to find a new auditor as the company has until Nov. 16 to submit a plan on its timeline to file its annual report, which has to be approved by the Nasdaq. The company will be hosting a business update call on Tuesday, but it will not release earnings.More recently, there was a similar situation in 2016 at Marvell Technology Inc. $(MRVL)$, which fired its co-founding husband-and-wife team, CEO Sehat Sutardja and President Weili Dai, after accounting issues led to an audit-committee investigation into its revenue-recognition policies, and probes by regulators. The co-founders remained on Marvell's board at the time. Marvell's investigation found no evidence of fraud but said that the \"tone at the top\" included pressure to meet revenue targets.Liang co-founded Super Micro with his wife, Sara Liu, who is described in the company's last annual report from fiscal 2023 as senior vice president and director, and has had various positions, including treasurer.Super Micro has seen revenue boom recently thanks to surging demand for artificial-intelligence servers, and at their highest point of 2024, Super Micro shares were up more than 300% on the year. But while Liang led the company to great heights, he's remained in charge for a precipitous fall in the stock price, as investors weigh the accounting concerns as well as margin pressures in the AI-server business. It is also being probed by the Department of Justice, and its stock has now erased its year-to-date gains.Super Micro said in an SEC filing it doesn't believe that the ongoing review of its financial controls will lead to a restatement of past financial results and it disagrees with EY's decision. But the matter has become a dark cloud over the stock. Liang should step down so that the company can regain the trust of Wall Street and customers. A Melius Research analyst recently hypothesized that customers are now paying attention to Super Micro's saga, which could help competitor Dell Technologies Inc. $(DELL)$ down the line.A Super Micro spokesman referred to the company's past statements on the matter, and did not provide a comment on the board's continued support of Liang.Comments from Ernst & Young, cited in a regulatory filing by Super Micro, indicated that the auditors believe the company's board and audit committee are not independent from the CEO. EY said information it received as part of a special committee review \"raised questions, including about whether the company demonstrates a commitment to integrity and ethical values\" consistent with good financial-control principles, and \"about the ability and willingness of the audit committee and overall board to demonstrate and act as an oversight body...independent of the CEO.\"EY added that the company was \"unwilling to be associated with the financial statements prepared by management,\" according to the filing.Accounting experts said it is extremely rare for an audit firm, especially one of the Big Four, to disclose their reasons for resigning.\"I suspect this happens a lot more than we see, except that the audit firms don't talk about it,\" said Shiva Rajgopal, a professor of accounting and auditing at Columbia Business School. \"This is the nuclear option. This must be really bad, otherwise they would not have gone public.\"McKenna said it's possible a smaller, lesser-known accounting firm could take the company on as a client, but she fears that that a smaller firm \"would not have the experience, competence or the national-office backing - the oomph, the gravitas - to get these these guys to shape up,\" she said. She added that regulators would likely not be as hard on the company if there are significant changes at the top. \"The only way they could come out of it is if one of the other Big Four agreed to take it on and insisted on significant management and board changes.\"In 2018, the Nasdaq began its previous delisting procedures. Super Micro $(SMCI.UK)$ did not file its fiscal 2017 financial reports on time, saying it had to compile and analyze certain information to finalize the documentation and complete a related audit-committee investigation. In January 2020, it was approved for relisting, and Liang was ordered by the Securities and Exchange Commission to reimburse Super Micro $2.1 million for stock profits he realized during the accounting period under question.In one example of how close the company's board is to Liang, in March 2020, Super Micro's board agreed to give him a one-time payment of up to $8 million if the company's stock price met certain targets, to reward him for his \"valuable contributions and loyal service\" particularly during through the period \"when the company was not current in its SEC filings.\"Liang was not accused of wrongdoing at that time, but then-Chief Financial Officer Howard Hideshima was charged with prematurely recognizing revenue and understating expenses over a period of at least three years, and the company paid a $17.5 million civil penalty, without admitting or denying the SEC's finding.Hideshima, who was ordered to pay $350,000 to the SEC, now says on his LinkedIn page that he is working as a consultant for Ablecom Technology Inc., a manufacturing partner of Super Micro run by Steve Liang, Charles's brother. Charles Liang and his wife own 10% of Ablecom.The company has disclosed all of these related-party associations in its 10K filings, except for mentioning that its former CFO, who was charged in its former accounting debacle, still works for companies associated with Charles Liang. Steve Liang and another brother, Bill Liang, are also on the board of Ablecom. These related parties were highlighted as problematic in a short-seller report in August by Hindenburg Research.Liang repeatedly has said in interviews over the past few years that the company fixed the internal-control issues that led to its previous delisting, including in an interview to MarketWatch in 2023.This past August, when Hindenburg detailed what it found as red flags, it also highlighted a whistleblower lawsuit filed against the company in April, in which the plaintiff, Bob Luong, alleged how Super Micro misallocated revenue to hardware from services to inflate margins in its hardware business. A recurring concern among Wall Street analysts has been the low gross margins in its server business, even as revenue has surged due to a boost in sales for AI data centers.In early September, Super Micro said that the Hindenburg report was misleading and that it does not expect its delayed annual report to contain materially different results from those already reported. Liang also said in a letter to investors and customers that the Hindenburg report contained \"misleading presentations of information that we have previously shared publicly.\" In July, after EY told the board's audit committee about its concerns about Super Micro's financial controls, an independent special committee was formed to review certain internal controls and certain corporate-governance procedures.Liang owns over 11% of Super Micro stock, according to FactSet, but he is also seen as a key to the company, which warned in its fiscal 2023 annual report that it had no succession plan. \"His experience in leading our business and his personal involvement in key relationships with suppliers, customers and strategic partners are extremely valuable to our company,\" Super Micro said in that August 2023 filing. \"We currently do not have a succession plan for the replacement of Mr. Liang if it were to become necessary.\"In a June 2023 interview with MarketWatch, Liang was asked about a succession plan, and said the company \"was planning, for sure,\" but he declined to provide any further details. Liang has been an early advocate for green computing, a key issue coming up now with power-hungry AI servers. He was described in a report by short-seller Spruce Point Capital Management in early 2023 as \"a genius\" by a former employee and described as a \"counter-thinker.\"\"It's a liability. If he were to go, there's nothing behind him. There's a vacuum,\" the former employee told Spruce Point Capital at the time.Now the company should start to think about succession earlier than expected, or risk that customers will make their future purchases elsewhere, all while investor trust dwindles. If Liang were to step down, Super Micro potentially could get a Big Four auditor to help it regain the confidence of the financial community.As the saying goes, something appears to be rotten in Denmark, and the CEO needs to give someone else the chance to return the company to its former glory.","news_type":1},"isVote":1,"tweetType":1,"viewCount":926,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":254597392904464,"gmtCreate":1703194221952,"gmtModify":1703195720893,"author":{"id":"4087913319322160","authorId":"4087913319322160","name":"Skysoul","avatar":"https://community-static.tradeup.com/news/05ee5fc56ed6316e2022e2bdcf350781","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087913319322160","idStr":"4087913319322160"},"themes":[],"htmlText":"Oil will not spike as shoal oil Producers will come in and overproduce again like in 2014 oil colllapse as interest rate cuts by federal reserve . Most shoal oil producers in us are borrowers .","listText":"Oil will not spike as shoal oil Producers will come in and overproduce again like in 2014 oil colllapse as interest rate cuts by federal reserve . Most shoal oil producers in us are borrowers .","text":"Oil will not spike as shoal oil Producers will come in and overproduce again like in 2014 oil colllapse as interest rate cuts by federal reserve . Most shoal oil producers in us are borrowers .","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/254597392904464","isVote":1,"tweetType":1,"viewCount":1224,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":254593180307704,"gmtCreate":1703193344642,"gmtModify":1703193347353,"author":{"id":"4087913319322160","authorId":"4087913319322160","name":"Skysoul","avatar":"https://community-static.tradeup.com/news/05ee5fc56ed6316e2022e2bdcf350781","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087913319322160","idStr":"4087913319322160"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a>Merry Christmas!!","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a>Merry Christmas!!","text":"$Tiger Brokers(TIGR)$ Merry Christmas!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/254593180307704","isVote":1,"tweetType":1,"viewCount":895,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":254593544913184,"gmtCreate":1703193283407,"gmtModify":1703195698602,"author":{"id":"4087913319322160","authorId":"4087913319322160","name":"Skysoul","avatar":"https://community-static.tradeup.com/news/05ee5fc56ed6316e2022e2bdcf350781","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087913319322160","idStr":"4087913319322160"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a>Merry Christmas&nbsp;","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$&nbsp;</a>Merry Christmas&nbsp;","text":"$Tiger Brokers(TIGR)$ Merry Christmas","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/254593544913184","isVote":1,"tweetType":1,"viewCount":856,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801116294,"gmtCreate":1627487332118,"gmtModify":1703491029667,"author":{"id":"4087913319322160","authorId":"4087913319322160","name":"Skysoul","avatar":"https://community-static.tradeup.com/news/05ee5fc56ed6316e2022e2bdcf350781","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4087913319322160","idStr":"4087913319322160"},"themes":[],"htmlText":"G","listText":"G","text":"G","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/801116294","repostId":"1102922788","repostType":4,"isVote":1,"tweetType":1,"viewCount":1186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}