Supermicro Stock Surges on Reports of Plan to Avoid Delisting
SMCISuper Micro Computer(SMCI) Investopedia·2024-11-16 09:05

Key TakeawaysSuper Micro Computer shares soared in extended trading Friday following reports the company is expected to file a plan for its delayed annual report by Monday that could help it avoid delisting.The Nasdaq warned Supermicro it would be delisted if it does not file the report or submit a plan by Monday.Shares of Supermicro have taken a hit in recent months on regulatory concerns following allegations of accounting manipulation and other issues. Super Micro Computer (SMCI) shares soared over 18% i ...