The post Super Micro blasts off after filing delinquent annual, quarterly reports appeared on BitcoinEthereumNews.com.

SMCI stock rallies more than 20% after filing late reports. NASDAQ had given the maker of data center servers until February 25 to file reports from last year. Super Micro filed the 2024 10-K and two fiscal 2025 10-Q reports from last year in Tuesday’s postmarket. Market remains braced for Nvidia earnings release after the market close on Wednesday.   Super Micro Computer (SMCI) has proven once again why it has a reputation for being a volatile stock to hold. After falling 11.8% on Tuesday in the regular session with the market expecting it to miss a deadline to file the necessary regulatory forms to remain listed on the NASDAQ exchange, Super Micro posted updated earnings results after the close on the final day of the deadline. SMCI stock has spiked more than 21% on Wednesday in the wake of the filings as the stock’s legions of retail traders rejoice at their luck.  The market is receding late in Wednesday’s session as great anticipation awaits the release of Nvidia (NVDA) earnings. Nvidia is the leader in artificial intelligence (AI) chips and one of the most important suppliers of GPUs used in Super Micro’s data center servers. The Dow Jones Industrial Average (DJIA) has dropped 0.6% at the time of writing, while the NASDAQ has given up 0.2% of ground. Super Micro Computer news Like a procrastinating college student, Super Micro filed its delinquent annual report for fiscal 2024, comprising the four quarters ending on June 30 of that year. Additionally, quarterly reports for the first and second quarters of fiscal 2025 (the quarters ending on September 30 and December 31 of 2024) were also filed with the Securities & Exchange Commission (SEC). The results were in line with previous preliminary but unofficial findings reported over the past six months. The saga…

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Filed under: News - @ February 26, 2025 11:24 pm