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Super Micro Secures Nasdaq Extension to File Financials by February
Super Micro Computer has received a Nasdaq extension until February 25, 2025, to file its overdue financial reports, allowing its stock to remain listed during this period. The company, facing potential delisting due to late filings and past auditor changes, expects to submit the necessary documents by the deadline. Despite recent challenges, including a significant drop in stock value, Super Micro anticipates a 67% sales growth to approximately $25 billion in fiscal 2025, driven by demand for Nvidia-based AI computer clusters.
CNBC
Nasdaq 100 Dec 24 NVIDIA Corporation BDO Hindenburg Research LLC Ernst & Young Super Micro Computer Inc USA David Weigand Show more
Finance & Economy, News Article
23:37 06.12.2024
uper micro shares surge after new auditor appointment and compliance plan
Super Micro Computer shares surged over 30% after appointing BDO as its new auditor and submitting a compliance plan to Nasdaq, aiming to retain its listing. Despite this rebound, the company has lost about 75% of its value since March, amid ongoing scrutiny over accounting practices and a DOJ probe. Super Micro, a key player in the AI sector, reported sales exceeding $15 billion last fiscal year, but has faced significant challenges following a delay in filing its annual report.
CNBC
BDO S&P 500 Hewlett Packard Enterprise Company The Wall Street Journal Deloitte & Touche Department of Justice Nasdaq Ernst & Young Super Micro Computer, Inc. Hindenburg Research LLC Dell Mizuho Medy Co.,Ltd. NVIDIA Corporation TWN USA Ernst & Young Charles Liang Show more
Finance & Economy, Market Report
18:39 19.11.2024
uper micro hires new auditor shares surge amid compliance efforts
Super Micro Computer has appointed BDO as its new auditor and submitted a compliance plan to Nasdaq, resulting in a 23% surge in shares. The company is working to file its overdue 2024 year-end report after facing scrutiny over accounting practices and a DOJ probe. Despite recent challenges, Super Micro"s sales have more than doubled, driven by its partnership with Nvidia.
CNBC
United States Dollar Ernst & Young Super Micro Computer, Inc. BDO NVIDIA Corporation Deloitte & Touche LLP USA TWN Joe Biden Charles Liang Show more
Finance & Economy, News Article
23:17 18.11.2024
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