Reported 1 day ago
Super Micro announced a 28% jump in stock price following an independent review that found no evidence of fraud or misconduct within the company. As the server maker searches for a new CFO, the review involved extensive interviews and confirmed the integrity of senior management. This comes after scrutiny from a short seller led to significant setbacks, including the resignation of its accounting firm. Analysts remain cautious, awaiting further compliance updates.
Source: YAHOO