Super Micro Stock Soars 78% in a Week Following Compliance Plan and New Auditor Appointment

The AI-focused server maker rebounds sharply despite lingering regulatory and financial challenges.

Super Micro Computer's stock surged 78% this week, marking its best weekly performance since at least 2007.
The rally was driven by the company's submission of a compliance plan to Nasdaq and the appointment of BDO as its new auditor after Ernst & Young's resignation.
The company faces ongoing scrutiny following allegations of accounting malpractice and export control violations, as highlighted in an August report by Hindenburg Research.
Super Micro remains under pressure to file overdue financial reports to avoid delisting from Nasdaq, with a new filing deadline set for February.
Despite the rebound, the stock remains over 70% below its March highs, reflecting investor concerns over regulatory investigations and missed earnings expectations.