Why Super Micro Computer Stock Is Surging Again Today

Super Micro Computer (NASDAQ: SMCI) stock is surging in Monday's trading. The tech company's share price was up 24.9% as of 11:45 a.m. ET.Supermicro stock is making big gains today following the company's announcement that an independent special committee had found no evidence of fraud or misconduct by the tech specialist's management team, board of directors, and audit committee. The company also announced that it was moving forward with a series of recommendations presented by the special committee.In August, short-seller Hindenburg Research published a bearish report on Super Micro Computer that alleged repeated accounting infractions and points of structural weakness within the business. The following day, Supermicro announced that it would be delaying the filing of its annual 10-K report with the Securities and Exchange Commission (SEC) and taking steps to review and ensure the quality of its internal reporting practices.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool