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Why Super Micro Computer Ripped Higher Today

13 May 2025
in Business
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Why Super Micro Computer Ripped Higher Today
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Shares of Super Micro Computer (NASDAQ: SMCI) surged 13.8% on Tuesday, reflecting a volatile six months for the stock, particularly following the resignation of its former auditor, Ernst & Young, in October. The appointment of BDO as the new auditor in February allowed the AI server company to maintain its listing despite a disappointing June quarter outlook revealed in its May 6 earnings report. This mixed performance highlights the ongoing uncertainties surrounding Supermicro’s financial stability and market expectations.

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