Supermicro Stock Jumps After Probe Finds No Accounting Wrongdoing

Key TakeawaysSuper Micro Computer said an independent review of its accounting practices found no wrongdoing.The computer server maker added that concerns raised by its former auditor "were not supported by the facts."The report also called for David Weigand to be replaced as CFO, and the board is in the process of doing so. Shares of Super Micro Computer (SMCI), or Supermicro, soared roughly 20% to lead S&P 500 gainers Monday after the troubled computer server maker announced an investigation found no mis ...