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Why Super Micro Computer Stock Jumped Today

TheMotleyFool

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Why Super Micro Computer Stock Jumped TodayPhoto, wide shot, wide-angle lens, Cloud computing provider, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/893880f6-c6d9-4518-b1a0-f0be05207ac4.png

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.

Source Fool.com

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