Reported about 15 hours ago
Super Micro Computer's stock experienced volatility on February 11, 2025, after the company announced it plans to submit delayed filings to the SEC by the Nasdaq's February 25 deadline. The announcement came alongside disappointing preliminary second-quarter earnings that fell short of Wall Street estimates, leading to a significant drop in stock value before recovering slightly. The company, which has faced scrutiny following a negative report from Hindenburg Research, is under investigation by the DOJ regarding its accounting practices but asserts that recent reviews found no evidence of misconduct.
Source: YAHOO