Reported 2 months ago
Super Micro Computer announced the appointment of BDO USA as its auditor and submitted a plan to Nasdaq for an extension to regain compliance with listing rules, causing its shares to jump 25% in after-hours trading. The company plans to finalize its annual and quarterly reports but hasn't provided a target date. This comes after facing compliance issues from delays in filing its annual 10-K report and accusations of accounting manipulation. Despite recent challenges, including a notable decline in shares this year, optimism remains due to AI-driven demand for its products.
Source: YAHOO