Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, June 5, 2024.
Annabelle Chih | Bloomberg | Getty Images
Super Micro Computer shares jumped more than 30% on Tuesday after the embattled server maker said it named BDO as its new auditor and submitted a plan to Nasdaq detailing its efforts to regain compliance with the exchange.
The stock has now climbed more than 50% over the last two trading days on optimism that it will keep its Nasdaq listing. Still, the company has lost about three-quarters of its value since its stock peaked in March, a decline that’s wiped out roughly $54 billion in market cap.
Super Micro is late in filing its 2024 year-end report with the SEC and said earlier this month that it was looking for a new accountant after its previous auditor, Ernst & Young, stepped down in October. Ernst & Young was new to the job, having replaced Deloitte & Touche…
