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Why Super Micro Computer Stock Jumped Today
Shares of Super Micro Computer (NASDAQ: SMCI) were soaring today after the scandal-ridden artificial intelligence (AI) server maker finally had some good news to share with investors. The company, which has unraveled over accounting issues, hired a new auditor, BDO, and submitted a plan to stay in compliance with the Nasdaq just ahead of the deadline. As of 10:12 a.m. ET, Supermicro stock was up 28% on the news.