Key Takeaways

Super Micro Computer ( SMCI ) shares surged Friday, extending gains ahead of the company's second-quarter update expected after markets close Tuesday.

Shares of the server maker and Nvidia ( NVDA ) partner were up over 4% to $35.30 in intraday trading Friday, making it one of the best-performing stocks in the S&P 500. With Friday's gains, the stock is up about 31% since the update was announced Monday, raising hopes the firm will be able to submit its delayed filings and preserve its public listing.

Supermicro also said Wednesday it is ramping to “full production availability” of its artificial intelligence data center solutions platform, which is “accelerated by the NVIDIA Blackwell platform."

Still, Supermicro shares have lost more than half their value over the past 12 months amid concerns about the company's accounting practices and delinquent regulatory disclosures. The server maker now has until Feb. 25 to submit its delayed annual report from its fiscal year ended last June, or it could face delisting by the Nasdaq .

Supermicro formed an independent special committee, which said in December that its probe of the company , "did not raise any substantial concerns about the integrity of Supermicro's senior management.”

UPDATE—Feb. 7, 2025: This article has been updated since it was first published to reflect more recent share prices.

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