Supermicro Stock Jumps 12% Friday to Cap Off a Wild Week

Core Insights - Super Micro Computer shares surged 12% on Friday, concluding a week where the stock rose nearly 80% [1] - The stock gains were driven by a mention from partner Nvidia during its earnings call and a compliance plan filed to avoid delisting [1] - Despite the recent surge, shares are still over 70% below their highs from March due to regulatory concerns related to accounting manipulation and filing delays [1] Company Developments - Super Micro Computer filed a compliance plan to stave off delisting, which still requires approval from Nasdaq [1][5] - Analysts from Mizuho indicated that the approval process for the compliance plan could take between two to five weeks, with a new filing deadline set for February [5] Market Context - The stock's closing price on Friday was $33.15, reflecting significant volatility and investor sentiment challenges [1][4] - The company is under pressure to complete its delinquent annual report after appointing a new auditor and requesting an extension from Nasdaq [5]