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News in English (USA) / 19.11.2024 / 19:00

Supermicro Stock Soars Following Compliance Plan and New Auditor Appointment

In a significant turnaround, Supermicro announced the appointment of BDO USA as its independent auditor and submitted a compliance plan to Nasdaq, aiming to avoid delisting. This news triggered a dramatic rally in Super Micro shares, soaring by as much as 40%. Investors are responding positively, suggesting the company might be on the path to recovery after facing delisting fears and a steep stock decline of 70% in recent months. The market is keenly watching the developments as Super Micro looks to stabilize amidst positive sentiments around its AI server business.
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