Super Micro Computer pops 15% after special committee finds no 'evidence of misconduct'
Shares of Super Micro Computer surged more than 20% after a special committee ruled it found "no evidence of misconduct" at the embattled artificial intelligence server maker, and appointed a new chief accounting officer.
Super Micro Computer Pops on Good News. Is the Stock Safe to Buy Now?
The report from Supermicro, which has been through a series of financial reporting setbacks, offered some good news and helped boost investor confidence. As a result, the stock was up 15.6% as of 10:23 a.m. ET.
Super Micro Stock Jumps After Committee Finds No Evidence of Misconduct, Recommends Hiring New CFO
Super Micro Computer (SMCI) shares surged in Monday late-afternoon trade after the artificial intelligence server maker said that a committee formed to look into the company's governance found no evidence of fraud or misconduct,
Super Micro to Hire New CFO, Says Independent Review Finds No Evidence of Fraud
Super Micro Computer has begun the search for a new finance chief based on recommendations made by a special committee formed to look into the AI server maker's accounting practices, the company said on Monday.
Super Micro Shares Surge as Internal Review Clears Leadership of Misconduct
Ernst & Young (EY) resigned in October after raising concerns about transparency and governance, prompting the review.
Super Micro Review Finds No Evidence of Fraud; CFO Replaced
Super Micro Computer Inc. said an independent review of its business found no evidence of misconduct but recommended that the server maker appoint new top financial and legal leadership.
Super Micro Computer stock surges 23% after a probe clears management of misconduct
Shares of Super Micro Computer (SMCI) (SMCI) soared 23% on Monday morning following the announcement that an independent special committee had concluded its investigation into the company’s operations and found no evidence of misconduct by the company’s management or Board of Directors.
Super Micro jumps as internal review finds no misconduct; to replace CFO
Super Micro Computer (NASDAQ:SMCI) was up around 13% on Monday after an independent special committee found no evidence of misconduct by the board of directors or audit cozsxmmittee. No restatement of reported financials is expected based on the findings on the review.
Super Micro Says Accounting Review Clears Management, Plans to Replace CFO
The server maker said evidence reviewed by its special committee didn’t raise substantial concerns about its senior ...
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Why Super Micro Computer Stock Is Surging Again Today
While the special committee's findings shouldn't be taken as a definitive sign that Supermicro has emerged from its recent controversies, investors understandably see the report as a bullish ...
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