💨 Abstract

Super Micro Computer's shares surged 30% in premarket trading on Tuesday after the server maker appointed BDO USA as its new auditor and sought an extension from Nasdaq to avoid delisting. This move comes a month after Ernst & Young resigned due to concerns over the company's governance, transparency, and financial reporting. The extension could allow Super Micro's shares to remain on Nasdaq until a final compliance decision is made.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖