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Trading Binary Outcomes On An Explosive Stock

Benzinga ·  21:40

An Icarus Stock

After hitting a split-adjusted high price this year of $122.90,Super Micro Computer, inc.(NASDAQ:SMCI) made a new 52-week low on Friday. This happened in the aftermath of its auditor, Ernst & Young, resigning. Nevertheless, there are at least two major catalysts pending for the company:

  1. Whether it will get delisted by Nasdaq or not. Super Micro Computer could be delisted as soon as Monday if it doesn't file a plan to get back in compliance with Nasdaq regulations.
  2. Nvidia, Inc.'s (NASDAQ:NVDA)conference call next Wednesday. On November 4th, DigiTimes Asia reported that Nvidia was...
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