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Benzinga
Benzinga
Business
Navdeep Yadav

Super Micro Shares Jump 7% In Premarket As Special Committee Clears It Of 'Misconduct' Allegations, But Top Investment Bank Flags 2 Key Aspects To Watch

Super Micro Computer Inc. (NASDAQ:SMCI) announced the completion of an independent review on Monday. The review, conducted by an Independent Special Committee, found no “evidence of misconduct” by the company’s management or board.

What Happened: The review was initiated in response to allegations of misconduct. Following the report, the company shares popped over 30% on Monday and gained 7% during Tuesday’s premarket session.

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