Super Micro Stock Soars on Nasdaq Extension Approval

Super Micro Computer Inc.'s stock surged nearly 9% in after-hours trading after Nasdaq granted an extension to file overdue reports by February 25. The AI server manufacturer has faced scrutiny since delaying its annual report, following allegations from Hindenburg Research and the resignation of its auditor, Ernst & Young. A special committee found no misconduct, boosting stock prices. The company is addressing governance issues and searching for a new finance chief, while analysts advise monitoring the acceptance of these findings by new auditors, BDO.