From Nasdaq: 2025-02-26 11:13:52

Shares of Super Micro Computer (NASDAQ: SMCI) surged 19.2% by midday as the S&P 500 and Nasdaq also rose. Supermicro, a Nvidia partner, met its financial deadline, revealing strong growth. Despite past financial scrutiny, the company delivered $1.15 billion in net income on $14.99 billion in revenue for 2024.

Supermicro keeps its promise with on-time filing

Supermicro reported its FY 2024 financials on time, avoiding Nasdaq delisting. The company doubled sales from 2023 to 2024 and nearly doubled net income. Despite meeting the deadline and showing strong growth, concerns about financial controls remain. Investors should proceed with caution.

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Read more at Nasdaq: Why Supermicro Stock Is Skyrocketing Today