Supermicro Stock Soars Further Ahead of Business Update | Global News Avenue

Shares of troubled server manufacturer super microcomputers (SMCI), or Super Music, will have a second consecutive meeting after a second quarter business update next week.

Supermicro said on Monday it will update the second quarter update after closing the market on Tuesday, February 11. Yesterday, this brought the stake nearly 9% as investors watched whether the company was able to submit all companies Delayed regulatory documents and Securities and Exchange Commission (SEC) By February 25, to save its public listing Nasdaq.

Supermicro is one of the biggest profiters S & P 500 On Wednesday, another 7% rise in recent news deals Accelerated by the Nvidia Blackwell platform. “

Charles Liang, CEO of Supermicro, said: “At this moment of change in AI, the laws of expansion are driving the limitations of data center capabilities, our latest NVIDIA Blackwell-Power Solutions are developed through close collaboration with NVIDIA to deliver excellent computing. ability.”

Despite the two-day surge, Supermicro’s stock has lost more than 50% of its value in the past year, a concern about company accounting practices. Last August, short seller Hindenburg Research accusing the company of “accounting manipulation”, Two months later, Anne resigns as her auditorsaid this is “unwilling to be associated with the financial statements prepared by management.”