Supermicro Stock Rallies Ahead of Business Update Tuesday | Global News Avenue

Supercomputer (SMCI) Stocks soared on Monday, extending earnings before the company Expected business updates on Tuesday.

Shares of the server maker rose more than 13% on Monday, up more than 50% since the update was announced on February 3. SuperMicro faces a February 25 deadline to submit its delayed annual report for the fiscal year ended last June, or it may be Nasdaq.

Wedbush analysts told clients in a note Monday that they believe Supermicro can successfully reaffirm its financial situation and can also request a 180-day extension. Analysts say they are “uncertain” about Supermicro’s recent performance, pointing to competitors like HP Enterprise (HPE) has been able to win the contract AI Server space.

Last week, Supermicro also said “full production availability” of NVIDIA’s accelerated AI data center solution platform (NVDA) Blackwell Platform.

Supermicro shares have lost nearly half of their value in the past 12 months (after Torrid growth over the past week), which has also raised concerns about the company’s accounting practices and arrears regulatory disclosures. The company has formed an independent special committee, which said in December Company investigation“The integrity of Supermicro’s senior management has not aroused any substantial concerns.”