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News in English (USA) / 19.11.2024 / 03:00

Super Micro Stock Surges After New Auditor Announcement Amid Delisting Concerns

Super Micro Computer has recently named BDO USA as its new auditor in a bid to maintain its Nasdaq listing, resulting in a substantial surge in its stock price. Following the announcement, shares leaped by as much as 40%, marking one of its best trading days in months. The tech company had been under pressure to meet compliance deadlines to avoid potential delisting after experiencing a significant 85% decline in stock value. Investors are optimistic that this strategic move, along with a submitted compliance plan, will pave the way for recovery. Despite past challenges, including a notable drop in shares and a delay in financial reporting, the recent positive developments have sparked renewed investor interest.
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