澳洲幸运5官方开奖结果体彩网

Supermicro Stock Jumps 12% Friday to Cap Off a Wild Week

Nvidia CEO Jensen Huang and Super Micro Computer CEO Charles Liang during the Computex conference in Taipei, Taiwan, on June 5, 2024.
Nvidia CEO Jensen Huang and Super Micro💯 Computer CEO Charles Liang during the Computex conference in Taipei, Taiwan, on June 5, 2024.

Annabelle Chih / Bloomberg / Getty Images

Key Takeaways

  • Super Micro Computer shares surged 12% Friday to cap off a week that saw the stock rise nearly 80%. 
  • The gains came in the wake of a shoutout from partner Nvidia in the chipmaker’s earnings call Wednesday, and a compliance plan filed Monday to stave off delisting.  
  • Supermicro's plan still requires approval from the Nasdaq, with Mizuho analysts telling clients the approval process could take between two and five weeks.

Super Micro Computer (SMCI) shares surged 12% Friday to cap off a wild week that saw the꧒ stock add nearly🔯 80%. 

The gains come in the wake of a shoutout from partner and 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) darling Nvidia (NVDA) in the chipmaker’s 澳洲幸运5官方开奖结果体彩网:earnings call Wednesday, and a compliance plan filed Monday to 澳洲幸运5官方开奖结果体彩网:stave off delisting.  

Still, at Friday’s closing price of $33.15, shares in the server maker are more than 70% off their highs in March, having taken a hit from regulatory concerns following 澳洲幸运5官方开奖结果体彩网:allegations of accounting 🌠manipulation and filing delays. 

SMCI

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The stock could face an uphill battle to win back investors’ confidence and return to those levels, with Supermicro now under pressure to complete its delinquent annual report b🀅y a fresh deadline, after naming a new auditor and requesting an extension from the Nasdaq. 

The plan still requires approval from the Nasdaq, with analysts at Mizuho telling clients in a note Tuesday they expect the approval process could take between two and five weeks, with a new filing deadline in February.

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  1. Mizuho. “Super Micro Computer, Inc. (SMCI): BDO Appointed as Auditꦦor, to File 10K/10Q.”

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