SMCI shares climbed nearly 4% in the previous market on Wednesday. What’s going on? -NVIDIA (NASDAQ: NVDA), Goldman Sachs Group (NYSE: GS)

Super Microcomputer Company SMCI In Wednesday’s pre-sale deal, it was up 3.45%, the second day for the top earners of the S&P 500.

what happened: Last week, Super Micro filed its delayed financial statements with the U.S. Securities and Exchange Commission (SEC). The move eases concerns about the company’s potential recommendations that stand out from Nasdaq. The company’s auditor BDO verified the financial statements and confirmed their consistency with U.S. accounting standards.

The company confirmed in a press release that it has regained compliance with the application requirements and that the matter is now closed. Charles LiangThe CEO and founder called the document a “significant milestone” and said the company will now focus only on its core business.

Interestingly, the company’s co-founder and senior vice president Sara Chiu-chu liu liang, and Senior Vice President of Operations George TestMillions of dollars in corporate stock were sold after the company met the deadline for overdue financial documents.

See: Intel Leopard Lake delays release key notebook to 2026

Why it matters: Super Micro’s business has been booming, mainly due to the growing demand for the right Nvidia’s NVDA GPU. According to the latest finance, the company’s sales rose to $14.99 billion in fiscal 2024.

Although AI server manufacturers are now compliant with Nasdaq, the document reveals several internal control issues, substantial customer transfers, and increased legal risks. Additionally, the stock fell on Monday after Singapore lawmakers launched a fraudulent transport survey

According to Benzinga Pro, SMCI stock’s YTD surged more than 30%, while its stock has grown more than 24% in the past month.

Read more: NVIDIA CHIP fraud investigation: Malaysia vows “necessary action” but admits “we don’t know” where the server went

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Disclaimer: The content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.