The Supermicro share extends the winnings before the update on Tuesday – what you need to know

The Super Micro Computer (SMCI) shares rose on Friday and expanded the profits before the company’s second quarter update, which was expected after the end of the markets on Tuesday.

The stocks of the server maker and Nvidia (NVDA) partners rose by over 4% to $ 35.30 on Friday. The update was announced on Monday, in which hope that the company can submit its late registrations and preserve the public list.

Supermicro also said on Wednesday that it is about the “complete availability of the production” of its platform for data center solutions for artificial intelligence, which “is accelerated by the Nvidia Blackwell platform”.

Nevertheless, Supermicro shares have lost more than half of their value in the past 12 months, as concerns about the accounting practices and criminal control of the company. The server manufacturer now has until February 25 to submit his delayed annual report from his financial year that ended last June, or it could be exposed to NASDAQ.

Supermicro formed an independent special committee that said in December that his investigation of the company “did not make any significant concerns about the integrity of the management of Supermicro”.

Update – Feb. 7, 2025: This article has been updated since it was published for the first time to reflect the newer share prices.