Super Micro Computer up 78% this week; What has changed since auditor exit?
Super Micro Computer (NASDAQ:SMCI) jumped over 78% this week after the artificial intelligence server maker appointed BDO USA as its new independent auditor and submitted a compliance plan with the Nasdaq.
Super Micro just hired a new auditor that might save it from getting the boot from Nasdaq
The Nvidia-adjacent server maker hired BDO USA after its former auditor quit because it couldn’t trust the management team or the board of directors.
What's Going On With Super Micro Computer Shares Friday?
The Details: Super Micro, in the compliance plan, said it believes it will be able to file both its 2024 fiscal-year earnings and its 2025 fiscal-year first-quarter earnings within Nasdaq’s acceptable discretionary time.
Super Micro’s stock had a historic week — but it’s still 70% off its highs
There were various positive developments for Super Micro this week, beyond the news that the company has a new auditor.
The Score: Target, Super Micro Computer, Alphabet and More Stocks That Defined the Week
Super Micro Computer is on a road to recovery, recharging its shares. The specialized server maker on Monday submitted a plan to stay listed on the Nasdaq after it missed deadlines for providing financial reports to investors.
Super Micro Computer Shares Soar 32% As It Avoids Getting Booted Off Nasdaq, But Analysts Are Not Convinced: Here's What's Coming Next For SMCI
Shares of Super Micro Computer Inc (NASDAQ: SMCI) closed 31.24% higher in trade on Tuesday at $28.27 apiece. This happened after it announced the appointment of BDO USA as its Independent Auditor and also filed a compliance plan with Nasdaq,
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