Super Micro surges as AI server maker hires new auditor, seeks filing extension
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Super Micro Computer's stock surged nearly 30% in premarket trading after the company sought an extension from Nasdaq for delayed financial filings and appointed a new auditor to avoid delisting.
November 19, 2024 | 1:30 pm
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Super Micro Computer's stock surged nearly 30% in premarket trading after the company sought an extension from Nasdaq for delayed financial filings and appointed a new auditor to avoid delisting.
The appointment of a new auditor and the request for a filing extension are seen as positive steps to address regulatory concerns, leading to a significant premarket stock price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100