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Super Micro Computer (SMCI) saw its shares spike for the second straight session after the company revealed that it was increasing “full production availability of its end-to-end AI data center Building Block Solutions accelerated by the NVIDIA Blackwell platform.” This comes on the back of a rally after the company said it would give a second-quarter update after markets close next Tuesday, Feb. 11.
Mired in troubles due to a scathing report by the now-defunct short-seller Hindenburg Research, the resignation of its auditor and the looming threat of its delisting from Nasdaq due to the delayed filing of its annual report and other required financial statements, is SMCI stock (down nearly 50% over the past year) finally out of trouble? Let's try and find out.