Super Micro Computer (SMCI) shares soared Monday, extending gains ahead of the company's 澳洲幸运5官方开奖结果体彩网:business update expected Tuesday.

The server maker’s stock was up more than 13% intraday Monday and has gained over 50% since the update was announced on Feb. 3. Supermicro faces a Feb. 25 deadline to submit its delayed annual report from its fiscal year ended last June, or it could be delisted by the Nasdaq.

Wedbush analysts told clients in a note Monday that they believe Supermicro could successfully restate its financials and could also request a 180-day extension. The analysts said they are “uncertain” about Supermicro’s near-term performance, noting that competitors like HP Enterprise (HPE) have been able to win contracts in the 澳洲幸运5官方开奖结果体彩网:artificial intelligence server space.

Last week, Supermicro also said it is ramping to “full production availability” of its AI data center solutions platform accelerated by the NVIDIA (NVDA) Blackwell platform.

Supermicro shares have lost close to half their value over the past 12 months—even after torrid gains over the past week—amid concerns about the company's accounting practices and delinquent regulatory disclosures. The company formed an independent special committee, which said in December that its 澳洲幸运5官方开奖结果体彩网:probe of the company, "did not raise any substantial concerns about the integrity of Supermicro's senior management.”