Investing.com — Super Micro Computer Inc (NASDAQ:SMCI) would not face delisting from the Nasdaq, CEO Charles Liang said on Tuesday in a Reuters interview, assuring that necessary financial filings would be completed by February.
Liang said the company plans to meet the Feb. 25 deadline imposed by Nasdaq for filing delayed annual and quarterly reports. The exception comes after the embattled server maker received a warning letter last week under Nasdaq’s compliance rules.
Super Micro, which surged in value during the generative AI boom due to its AI infrastructure offerings, has faced challenges following an auditing scandal that shook investor confidence and dented its market value, once as high as $67 billion.
Even with these setbacks, Super Micro continues to play crucial role in the AI space, collaborating with firms such as Elon Musk’s xAI.
The company has been working on advanced projects, including the “Colossus” supercomputer at its specialized facility.
