
Super Micro Stock Surges as Special Committee Clears Misconduct Allegations
Super Micro Computer Inc.'s shares surged after an independent review cleared the company of misconduct allegations. The review, prompted by accusations of accounting malpractice, found no evidence of wrongdoing by management or the board. Despite some "modest lapses," JPMorgan analysts are watching if the new auditors, BDO, will accept the findings and if Nasdaq will grant an extension for compliance with listing rules. Super Micro's shares have risen significantly in 2024, benefiting from its involvement in the AI industry.













