Tue Feb 25 21:20:00 UTC 2025: ## Super Micro Stock Plummets 11.8% as Delisting Deadline Looms
**SAN FRANCISCO, CA – March 1, 2024** – Super Micro Computer (SMCI) shares experienced a sharp 11.8% decline on Tuesday, fueled by anxieties surrounding an impending Nasdaq delisting deadline. The company is facing pressure to submit overdue regulatory filings to the US Securities and Exchange Commission (SEC), a delay stemming from allegations of accounting misconduct leveled by short-seller Hindenburg Research last August.
The accusations triggered a Department of Justice investigation, the resignation of Super Micro’s accountant, and ultimately, the threat of delisting. While the company initially missed a deadline in late 2024, it received an extension until February 25th. Despite an independent review that found no evidence of wrongdoing and the hiring of a new accountant, Super Micro’s stock has been volatile.
Tuesday’s drop marks a significant reversal of recent gains. The stock had rallied strongly in February, recovering losses incurred after the Hindenburg report, even briefly reaching its highest closing price since August 23rd. This rally was partly fueled by the company’s ambitious long-term financial projections. However, the stock now sits at approximately $46, a far cry from its March high above $120. The company produces server products using Nvidia’s AI chips.
First Piper 