Super Micro Stocks Climb on Nasdaq Lifeline Amid AI Demand

Super Micro Computer Inc. saw its stock jump 9% after Nasdaq extended the deadline for overdue financial reports to February 25, 2025. The move follows the hiring of a new auditor after Ernst & Young resigned in October over governance concerns.

Despite financial hiccups, Super Micro's AI server demand remains robust, deploying 100,000 CPUs with liquid cooling. The company adjusted its upcoming quarter guidance, navigating stock volatility that has swung wildly since the 2023 AI boom.