Super Micro Shares Surge 37% Amid New Auditor Appointment and Nasdaq Plan
Super Micro Computer Inc's shares surged 36% after appointing BDO USA as its new auditor and submitting a compliance plan to Nasdaq. The company aims to complete its financial reports following the resignation of its previous auditor, Ernst & Young, due to concerns over internal controls and board independence. Super Micro is also under federal investigation related to a short seller report.