Super Micro Computer Is Skyrocketing Today -- Is It Time to Buy the AI Stock?

Super Micro Computer (NASDAQ: SMCI) stock is seeing explosive gains in Tuesday's trading. The company's share price was up 30.7% as of 1:45 a.m. ET.Supermicro stock is roaring higher today following news that the company has hired BDO as its new financial auditor and submitted a financial-results filing plan to Nasdaq. The auditor hiring and submission of the filing plan prevented the stock from being delisted from the Nasdaq exchange yesterday, removing a major short-term risk factor that had been worrying investors. But some big questions remain. Supermicro hiring BDO as its independent auditor is a significant positive development. BDO is the fifth-largest public accounting firm in the world and has a solid reputation in its industry. On the heels of recent controversies that have surrounded Supermicro and its accounting practices, bringing on a well-regarded auditor is good news.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool