Super Micro Computer Files Plan to Avoid Nasdaq Delisting, Shares Soar [Video]

Super Micro Computer (SMCI) has witnessed a remarkable turnaround in its stock performance, surging by more than 30% on Tuesday. This significant recovery comes after the company, a major player in the artificial intelligence (AI) server market, submitted a compliance plan to the U.S. Securities and Exchange Commission (SEC) to avoid delisting from the Nasdaq.

This development has brought renewed investor confidence, despite the company facing numerous challenges over recent months, including delayed filings, regulatory scrutiny, and internal upheaval.

🚨 BREAKING NEWS 🚨

SUPER MICRO COMPUTER $SMCI HAS JUST APPOINTED BDO USA AS ITS NEW AUDITOR EFFECTIVE IMMEDIATELY

AND THEY HAVE ALSO SUBMITTED A COMPLIANCE TO THE NASDAQ TO REQUEST AN EXTENSION TO GAIN COMPLIANCE $SMCI IS THE BIGGEST FRAUD IN U.S STOCK HISTORY$SPY pic.twitter.com/ryAlcMgZto

— Mike Investing (@MrMikeInvesting) November 18, 2024

The filing, made on Monday, assured investors that Super Micro intends to meet its periodic reporting obligations within the discretionary period granted by Nasdaq. This …