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uper micro shares surge as company fights to avoid delisting
Super Micro Computer Inc. shares experienced significant volatility as the company works to avoid delisting from Nasdaq. After hiring BDO USA as its independent auditor and submitting a compliance plan, shares surged by 13%, marking a 78% weekly gain and positioning the firm for its best week ever. This rebound follows a tumultuous period characterized by allegations of accounting issues and filing delays that erased earlier stock gains.