Why Supermicro Stock Is Up 30% Today
SMCISuper Micro Computer(SMCI) Investopedia·2024-11-20 04:55

Key TakeawaysSupermicro's shares were up more than 30% in recent trading, extending a wild year that has seen both dramatic highs and steep declines.The company late yesterday issued a much-awaited announcement, naming a new auditor and filing a plan to avoid delisting by the Nasdaq.Despite today's jump, the stock is down 75% from its all-time highs in March. Shares of Super Micro Computer are flying today, though nowhere near their highs. The server maker’s shares were recently up more than 30% in Tuesday ...