Shares of Super Micro Computer, the server company closely tied to the semiconductor industry, were losing some ground early Wednesday after they jumped more than 30% the day before. The reason for the big gain was the company’s plan to stay listed on the Nasdaq exchange.

Super Micro has engaged BDO as its auditor, replacing Ernst & Young, which resigned in October after it raised concerns regarding the company’s financial statements.

Shares of Super Micro Computer (NASDAQ: SMCI) were soaring today after the scandal-ridden artificial intelligence (AI) server maker finally had some good news to share with investors. The company, which has unraveled over accounting issues,

Super Micro Computer stock was soaring on Tuesday as the server maker’s plan to stay listed on the Nasdaq exchange appeared to soothe investors.Shares climbed 29% to $27.80 and were on pace for their largest percentage increase since Feb.

The artificial intelligence (AI) server maker took two important steps on the road to recovery, but the journey isn't over.

Super Micro Computer Is Skyrocketing Today -- Is It Time to Buy the AI Stock? was originally published by The Motley Fool TSM's 80% YTD rally highlights its AI-driven growth and innovation, making it a compelling buy for long-term investors.

The company said last week that it intends to take the necessary steps to regain compliance with the Nasdaq. Shares turned around in early trading on Monday.

Shares of Super Micro Computer ( SMCI 15.93%) were surging today as investors awaited a plan from the company to stay in compliance with the Nasdaq and maintain its listing.

Super Micro Computer (NASDAQ: SMCI) stock has been in free fall for the last six months. A myriad of issues related to its accounting practices have spooked investors. After the company announced it would have to delay the release of its 10-K annual report for its fiscal 2024 ended June 30,