Super Micro Stock Seesaws as Server Manufacturer Say it will meet the deadline for filing

Super Micro Computer (SMCI) Stock Seesawed Tuesday after the market closely, as the company said that expect to submit delayed archives to SEC of Nasdaq’s deadline on February 25 to avoid delisting.

The company – a rival to Dell (Dell) that makes computer servers using Nvidia’s (NVDA) latest Blackwell AI -chips – said that “Continuing to work extensively against the filing “of its delayed annual and quarterly reports to the US Securities and Exchange Commission and” believes it will make such archives of February 25. “

Super Micro also reported the preliminary quarterly earnings after the clock missed Wall Street’s estimates. Super Micro said it expects to record a $ 5.6 billion revenue to $ 5.7 billion for the December quarter, under $ 5.95 billion expected by Wall Street analysts, according to Bloomberg consensus estimates.

The stock sank as much as 19%before turning direction. Shares rose almost 3% late Tuesday afternoon.

AI -server manufacturer has been involved in controvers report Published by the short -sold company Hindenburg Research in August, Super Micro accused of violations of accounting violations. The The US Department of Justice then reportedly launched a probe into Super Micro’s accounting policies. Super Micro delayed the submission of its annual and quarterly SEC archives, which put the company at risk of being delisted by Nasdaq and its accountant withdrew

Nasdaq recently awarded the company an extension to submit the archives on February 25. The company has hired a new accountant and the server manufacturer said an independent review of its business did not find proof of mismatch.

Super Micro Stock had been on a recovery prior to its scheduled business update 11 February, but turned on Tuesday. Shares fell more than 8% at the end of the trading day on Tuesday and ended a week -long rally that saw shares win almost 60%.

Laura Bratton is a reporter for Yahoo Finance. Follow her on Bluesky @laurabratton.bsky.social. E -mail her at [email protected].

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