Super Micro stock rallies after meeting Nasdaq deadline to avoid delisting

Published On Feb 25, 2025, 5:23 PM

Super Micro (SMCI) recently experienced a significant rise in its stock price after the company met a deadline set by Nasdaq to submit delayed regulatory filings, thus avoiding delisting. Despite an initial stock drop of 11.8% during regular trading hours, Super Micro rebounded, climbing as much as 15.5% in after-hours trading following their submission of quarterly reports. The company previously faced scrutiny from Hindenburg Research over alleged accounting manipulations, which led to an investigation. Super Micro denied these allegations and has since undertaken measures, including hiring a new accountant and conducting an independent review, which reportedly found no misconduct.

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SMCI

Positive

With the company successfully meeting the Nasdaq filing requirements, investor confidence may begin to restore, particularly as the company's stock price had previously shown upward momentum in February. The completion of the required filings positions Super Micro more favorably in the market, though ongoing scrutiny and prior severe declines may create some caution among investors. Overall, the positive response in after-hours trading indicates a potential recovery phase, assuming no further negative news emerges. The overall perception of stability and the return of investor faith can drive the stock upward.

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