澳洲幸运5开奖号码历史查询

Supermicro Stock Jumps 12% Friday to Cap Off a Wild Week

Nvidia CEO Jensen Huang and Super Micro Computer CEO Charles Liang during the Computex conference in Taipei, Taiwan, on June 5, 2024.
Nvidia CEO Jensen Huang a🔥nd Super Micro Computer CEO Charles Liang during t♎he Computex conference in Taipei, Taiwan, on June 5, 2024.

Annabelle Chih / Bloomberg / Getty Images

Key Takeaways

  • Super Micro Computer shares surged 12% Friday to cap off a week that saw the stock rise nearly 80%. 
  • The gains came in the wake of a shoutout from partner Nvidia in the chipmaker’s earnings call Wednesday, and a compliance plan filed Monday to stave off delisting.  
  • Supermicro's plan still requires approval from the Nasdaq, with Mizuho analysts telling clients the approval process could take between two and five weeks.

Super Micro Computer (SMCI) shares surged 12% Friday to cap off a wild w🦂eek that saw the stock addꦕ nearly 80%. 

The gains come in the wake of a shoutout from partner and 澳洲幸运5开奖号码历史查询:artificial intelligence (AI) darling Nvidia (NVDA) in the chipmaker’s 澳洲幸运5开奖号码历史查询:earnings call Wednesday, and a compliance plan filed Monday to 澳洲幸运5开奖号码历史查询:stave off delisting.  

Still, at Friday’s closing price of $33.15, shares in the server maker are more than 70% off their highs in March, having taken a hit from regulatory concerns following 澳洲幸运5开奖号码历史查询:alle🐎gations of accounting manipulatioꦗn and filing delays. 

SMCI

TradingView

The stock could face an uphill battle to win back investors’ confidence and return to those levels, with𝐆 Supermicro now under pressure to complete its delinquent annual report by a fresh deadline, after naming a new auditor and requesting an extension from the Nasdaq. 

The plan still requires approval from the Nasdaq, with analysts at Mizuho telling clients in a note Tuesday they expect the approval process could take between two and five weeks, with a new filing deadline in February.

Do you have a news tip for Investopedia reporters? Please email us at
Article Sources
Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.
  1. Mizuho. “Super Micro Computer, I൲nc. 🔜(SMCI): BDO Appointed as Auditor, to File 10K/10Q.”

Compare Accounts
The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.

Related Articles