Super Micro Computer Surges In Monday Pre-Market Amid Delisting Concerns: What's Happening?

Shares of Super Micro Computer Inc. (NASDAQ:SMCI) experienced a significant rise of 13.94% during pre-market trading on Monday, as per Benzinga Pro. This surge comes as the company faces potential delisting from the Nasdaq Stock Market.

What Happened: Super Micro is preparing to submit a proposal to Nasdaq to avoid delisting. The company, which has seen considerable success due to the AI boom, is under scrutiny regarding its operations. The proposal is expected to be submitted by Monday, aiming to maintain its trading status on the exchange, Barron's reported on Monday.

The delisting threat arises from concerns ...

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