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Super Micro Computer (SMCI+19.02%) stock surged more than 16% Wednesday morning after the AI hardware maker filed its long-awaited financial reports, alleviating delisting concerns on the Nasdaq that had loomed since last year.
The San Jose-based company filed its delayed annual report for the fiscal year ending June 30, along with quarterly earnings for the periods ending Sept. 30 and Dec. 31, after the market closed on Tuesday.
“Today’s filings represent an important milestone,” said CEO Charles Liang. He added that the company is heavily investing in talent and processes across key departments to drive its mission in DLC, Data Center Building Block Solution (Supermicro 4.0), and revenue goals.
SMCI is thriving this year
As a key partner and reseller of Nvidia’s (NVDA+4.00%) GPUs and other components, Super Micro…
