Reported about 13 hours ago
Super Micro Computer (SMCI) saw a significant stock surge of up to 23% after filing its delayed annual report and demonstrating compliance with Nasdaq's requirements, which alleviated investor concerns over potential delisting. The company reported a net income of $1.15 billion for fiscal 2024 and revenue growth exceeding 100%, prompting an analyst to raise the stock's price target from $50 to $70, emphasizing the potential for future earnings driven by key customers and an optimistic growth outlook.
Source: YAHOO