On Monday, the company said that it had hired BDO as its public auditor, replacing Ernst & Young, which resigned in October after it raised concerns regarding the

There were various positive developments for Super Micro this week, beyond the news that the company has a new auditor.

A relief rally in Super Micro Computer (NASDAQ: SMCI) stock is back on track today after taking a breather on Wednesday. Shares of the artificial intelligence (AI) server stack provider exploded higher on Tuesday after the company announced plans to address corporate governance and accounting questions.

Super Micro has engaged BDO as its auditor, replacing Ernst & Young, which resigned in October after it raised concerns regarding the company’s financial statements.

Super Micro Computer stock was soaring on Tuesday as the server maker’s plan to stay listed on the Nasdaq exchange appeared to soothe investors.Shares climbed 29% to $27.80 and were on pace for their largest percentage increase since Feb.

The stock surged Tuesday, just after it said it had hired a new auditor and that it had a plan to submit its late earnings results that would allow it to remain listed on the Nasdaq.

Super Micro Computer (NASDAQ: SMCI) started the year with plenty of promise. The stock soared 188% in the first half, even beating market darling Nvidia, thanks to its dominance in the artificial intelligence (AI) equipment market.

If you have been an investor in artificial intelligence (AI) server maker Super Micro Computer (SMCI), chances are that your stress levels have been higher than normal lately. A simple glance at the stock's 9-month price range,

Artificial intelligence (AI) was hot again this week, and it wasn't just Nvidia's (NASDAQ: NVDA) earnings that were in focus. Super Micro Computer (NASDAQ: SMCI) was the huge winner, as it put forth a plan to become compliant with Nasdaq listing requirements.