Reported 3 days ago
Super Micro Computer Inc. shares surged by up to 27% following the announcement of a new auditor, BDO USA, and a plan to comply with Nasdaq listing requirements. The company's compliance plan seeks to file outstanding financial reports, including the delayed 10-K for the fiscal year ending June 30, 2024. Super Micro aims to remain listed on Nasdaq after facing challenges, including a previous auditor's resignation and a DOJ probe, but some analysts remain optimistic about its potential in the AI server market.
Source: YAHOO