Super Micro shares soar 30% after company names new auditor to help keep Nasdaq listing

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Super Micro, which has been battered by bad headlines in recent weeks, said on Monday that it hired BDO as its independent auditor.

The stock, which has cratered since peaking in March, has gained more than 50% over the last two trading days.

The stock has now climbed more than 50% over the last two trading days on optimism that it will keep its Nasdaq listing. Still, the company has lost about three-quarters of its value since its stock peaked in March, a decline that's wiped out roughly $54 billion in market cap.Super Micro is late in filing its 2024 year-end report with the SEC, and said earlier this month that it was looking for a new accountant after its previous auditor, Ernst & Young, stepped down in October.

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