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Supermicro stock is flying.
Shares of Super Micro Computer (SMCI) were up about 21% in morning trading Wednesday to lead S&P 500 gainers, after the server maker last night filed belated financial disclosures with the SEC, beating a deadline that might have meant delisting.
In a statement late Tuesday, Supermicro said the company was back in compliance with Nasdaq listing requirements, no previously filed financial disclosures were restated, and "the matter is now closed."
The morning's rise has the shares up about 85% for the year so far, though well off highs seen about a year ago. Supermicro's market capitalization was recently around $27 billion, according to Visible Alpha.
The news, meanwhile, may ease some investors' concerns about the path forward for the stock and return some degree of focus to operations; executives earlier this month offered an upbeat growth outlook for the company, targeting $40 billion of revenue in 2026.
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