Super Micro Computer Stock Rallies Following New Auditor Appointment and Nasdaq Compliance Plan

The server manufacturer faces ongoing scrutiny over financial practices but avoids immediate delisting from Nasdaq.

Super Micro Computer's stock surged over 30% after the company hired BDO USA as its new auditor and submitted a compliance plan to Nasdaq.
The company has been under pressure due to delayed financial filings, with Ernst & Young resigning as its auditor in October over concerns about accounting practices.
Hindenburg Research and reports of a Justice Department investigation have further raised questions about Super Micro's financial transparency and governance.
While the Nasdaq compliance plan offers temporary relief, the company must still file overdue reports to avoid potential delisting in the coming months.
Despite strong growth driven by AI-related demand and a key partnership with Nvidia, analysts remain cautious due to lingering governance and financial risks.