By Akash Sriram (Reuters) – Shares of Super Micro Computer soared nearly 30% in premarket trading on Tuesday, after the server maker sought an extension from Nasdaq for its delayed financial filings and appointed a new auditor as it looks to avoid being delisted. Super Micro announced the appointment of BDO USA as its independent…
Super Micro Computer (SMCI) said in a filing with the Securities and Exchange Commission late Monday that it has submitted a compliance plan to avoid delisting from the Nasdaq. The company said its compliance plan shows it is on track to submit delayed filings to the SEC “and become current with its periodic reports within…
(Reuters) -Super Micro Computer on Monday named BDO USA as its auditor and said it has submitted a plan to the Nasdaq seeking additional time to regain compliance with the listing rules, sending its shares soaring 27% in extended trading. In the compliance plan, the AI server maker said it will be able to complete…
The latest earnings from Nvidia (NVDA) is the focus for investors this week, with the chipmaker set to release its third-quarter results on Wednesday 20 November. The demand for Nvidia’s chips amid the AI boom has continued to drive shares higher, seeing the company recently overtake Apple (AAPL) as the world’s most valuable company, with…
We recently published a list of 12 High Growth Large Cap Stocks to Buy Now. In this article, we are going to take a look at where Super Micro Computer, Inc. (NASDAQ:SMCI) stands against other high growth large cap stocks. BlackRock highlighted that its portfolio managers are broadly optimistic about US equities. Its portfolio managers opine…
Shares of Super Micro Computer (SMCI) hit a new 52-week low on Thursday morning as the AI-focused hardware company struggles with filing its quarterly report (Form 10-Q) for the period ending September 30. The San Jose-based company notified the U.S. Securities and Exchange Commission of the delay in a recent filing, saying it needs more…
Why Is Super Micro Computer Stock Trading Lower On Wednesday? Super Micro Computer, Inc. (NASDAQ:SMCI) stock is trading lower Wednesday after it announced that it could not file its fiscal first-quarter 2025 Form 10-Q for the September 30, 2024 quarter due to excessive effort and cost. The company must also submit its 2024 Form 10-K…
The Super Micro Computer (SMCI, Financial) is struggling to meet its obligations, as another source revealed that NVIDIA (NVDA, Financial) pulled out a large order from a Taiwanese firm that has been quick to pick up. Recent claims reveal that NVIDIA has resorted to sourcing its massive AI server orders from SMCI’s competitors instead. This…
(Bloomberg) — Super Micro Computer Inc. could face an early repayment on up to $1.725 billion of its bonds should its accounting woes result in it being booted off the Nasdaq stock exchange. Most Read from Bloomberg Holders of Super Micro’s $1.725 billion March 2029 convertible notes have the option of getting their money back…
Super Micro Computer, Inc. SMCI is scheduled to report first-quarter fiscal 2025 results on Nov. 5. For the fiscal first quarter, the company expects revenues between $6 billion and $7 billion. The Zacks Consensus Estimate is pegged at $6.52 billion, indicating growth of 207.5% from the year-ago quarter’s reported value. Stay up-to-date with all quarterly…