Super Micro Computer provided a worse-than-expected business update for its revenue Tuesday afternoon. The stock fell sharply.The artificial-intelligence-server company gave an update for its fiscal first-quarter of adjusted earnings per share of 75 cents to 76 cents,

Analysts at Mizuho fear that the lack of an auditor (and possible challenges in getting a new one) could lead to a delisting from the Nasdaq exchange. This could dramatically reduce Supermicro's liquidity by forcing it to trade over the counter, a designation that could make shares harder to access, likely hurting the company's valuation.

Super Micro Computer said it expects earnings per share (EPS) of 68 cents to 70 cents, compared to 27 cents a year earlier and slightly above estimates. The company underwent a stock split in September. Update Follows EY's Resignation as Auditor Tuesday's ...