Super Micro Computer Inc completed special committee review with no misconduct found, but JPM cut stock to Underweight

From Investing.com: 2024-12-02 19:47:08

Super Micro Computer Inc announced the completion of an Independent Special Committee review finding no misconduct by management or board. JPMorgan analysts noted “modest lapses” and outlined key points to watch, including whether new auditors accept findings and if Nasdaq grants extension for compliance. Shares jumped 29% but still down from annual highs. Company benefits from AI industry exposure. JPM cut stock to Underweight.



Read more at Investing.com: JPMorgan says watch these two points after special committee review By Investing.com