CNBC's Kristina Partsinevelos joins 'Fast Money' with the latest on Super Micro Computer's 10-K filing.
Super Micro Computer (SMCI) shares rocketed higher after the company submitted its delayed financial reports late Tuesday, just beating its deadline to avoid being delisted by the Nasdaq.
Super Micro shares are surging in Tuesday's late trading, though they fell sharply in the regular session.
Today, February 25, is a make-or-break day for Super Micro Computer (aka Supermicro) and its stock, which trades on the Nasdaq under the SMCI ticker. That's because by the end of today, the beleaguered server company needs to file its delinquent Form 10-K with the U.S. Securities and Exchange Commission (SEC).
Super Micro Computer shares fell as much as 10% during trading on Tuesday as the company nears a deadline to file audited financial reports or be delisted from the Nasdaq exchange. Earlier this month, Super Micro CEO Charles Liang told investors that he was "confident" that the company could file those reports by Feb. 25, a deadline set by Nasdaq.
Super Micro Computer (SMCI -9.89%) stock is getting hit with big sell-offs in Tuesday's trading. The server specialist's share price was down 7.6% as of 1:30 p.m.
Super Micro Computer (SMCI) faces its next obstacle on Tuesday, with the server maker facing the Nasdaq's filing deadline to avoid being delisted from the exchange.
While he may not enjoy the same name recognition as Warren Buffett, Philippe Laffont has an impressive track record. The multibillionaire investor grew up in France, attended the Massachusetts Institute of Technology, and is what the investing community refers to as a Tiger Cub -- someone who worked for Julian Robertson's Tiger Management hedge fund in the 1990s.
The AI server maker has said it believes it will file its delayed reports by Feb. 25.
George Tsilis joins Next Gen Investing to discuss Supermicro (SMCI) as the company faces possible de-listing on the Nasdaq if it fails to submit its already delayed financial reports from the end of 2024. Shares are down more than 55% from all-time highs, but George points to the company's recent business update as a possible source for renewed investor interest.
IT stock Super Micro Computer Inc (NASDAQ:SMCI) just staged a massive rally , up 90.7% since the start of February.
Super Micro Computer (SMCI -3.66%) stock is seeing a significant pullback in Monday's trading. The server specialist's share price was down 3.8% as of 12:45 p.m.