澳洲幸运5开奖号码历史查询

Why Supermicro Stock Is Up 30% Today

Super Micro Computer CEO Charles Liang.
Super Micro Computer CEO Charles Liang.

 David Paul Morris / Bloomberg / Getty Images

Key Takeaways

  • Supermicro'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 trading, extending a wild year that has seen both dramatic hi🍎ghs and steep declines.

What’s behind the move? Supermicro (SMCI) late yesterday issued 澳洲幸运5开奖号码历史查询:a much-awaited announcement, naming a new auditor and filing a plan to avoid delisting b✃y the Nasdaq—which was itself necessitated by the company’s fa﷽ilure to file its annual report on time. (The plan still requires approval from the Nasdaq, Mizuho analysts noted Tuesday.)

Today’s jump is the latest swing for a stock that has seen a whipsaw 2024. Aided by AI-fueled enthusiasm, the stock—which finished last year just below $29—jumped above $120 in March; earlier this month, amid ongoing concerns about issues related to the filing, its accounting and 🔴related matters, it traded bel🧸ow $18.

Along the way, the company was named to the 澳洲幸运5开奖号码历史查询:benchmark S&P 500 index and 澳洲幸运5开奖号码历史查询:split its shares 10-for-1. At rece💜nt prices, it’s roughly in the neighborhood of break-even for the year so far.

SMCI Year-to-Date chart

TradingView

Do you have a news tip for Investopedia reporters? Please email us at
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