Super Micro Computer stock surged 17% due to investor excitement over upcoming 10-K filing

From Nasdaq: 2025-02-22 19:25:46

Super Micro Computer (NASDAQ: SMCI) stock surged 17% this week, outperforming the S&P 500 and Nasdaq Composite. Investor excitement is high due to the upcoming 10-K filing, offering clarity amidst accounting controversies and delays. Supermicro plans to submit its 10-K report for the fiscal year ending June 2024 by Feb. 25, potentially boosting the stock. Despite lower sales guidance for this year, the company anticipates $40 billion in sales next fiscal year. Investors eagerly await the 10-K report to assess Supermicro’s future prospects, with BDO now on board as the new auditor.

The long-awaited 10-K report from Supermicro, due by this Tuesday, will be a crucial factor in shaping investor sentiment. The report could resolve lingering accounting concerns and drive excitement for next year’s sales target of $40 billion. The Motley Fool Stock Advisor team has identified the 10 best stocks to buy now, but Super Micro Computer didn’t make the list. Investors are eagerly anticipating the 10-K report to gauge the company’s performance and potential for growth.



Read more at Nasdaq: Why Super Micro Computer Stock Skyrocketed This Week