Super Micro Computer Inc. shares have been highly volatile due to the company's potential delisting from Nasdaq.
The stock saw a significant surge in early trading, resulting in a remarkable weekly gain of around 78%, making it the best week for the stock on record.
This increase in value follows the appointment of BDO USA as the company's independent auditor and the submission of a compliance plan to meet Nasdaq's listing requirements.
The stock's recent rise comes after a challenging period marked by allegations of accounting and governance issues, as well as filing delays that caused a sharp decline from its previous record high in March.
Investors are closely watching the company's actions as it works to stabilize its position in the market and comply with regulatory standards.