Reported about 15 hours ago
Super Micro stock saw a remarkable rebound, gaining over 78% this week after the company hired new auditor BDO, addressing concerns around previous accounting issues and potential delisting. The gains were fueled by a compliance plan submission to Nasdaq and positive momentum from Nvidia's earnings report. Despite the significant weekly increase, shares remain well below their March highs as the company continues to face scrutiny from the Department of Justice and investigations into alleged financial misconduct.
Source: YAHOO