US Stock Market Move | Super Micro Computer, Inc. (SMCI.US) will submit a compliance plan to avoid delisting risk, causing stock price to rise over 17%.

On Monday, Super Micro Computer, Inc. (SMCI.US) rose by 17.01% to $21.74. In terms of news, sources revealed that Super Micro Computer, Inc. plans to submit a compliance plan to Nasdaq before Monday to maintain its stock market trading qualification. Previously, the company requested an extension to submit its latest quarterly earnings report. In documents submitted to the Securities and Exchange Commission, Super Micro Computer, Inc. disclosed that its special committee has completed its investigation into preliminary concerns raised by former auditor Ernst & Young and expects other ongoing work to conclude soon. Additionally, the company stated that it needs more time to hire a new accounting firm and prepare the 10-Q for the first quarter of 2025, which will be done after the completion and submission of the 10-K for 2024.