Super Micro Computer, Inc. CEO Charles Liang said on Tuesday that he is confident the company will avoid being delisted from the Nasdaq, adding that its delayed annual and quarterly reports will be submitted on time.
On Monday, it was announced that Nasdaq extended the tech company's deadline to submit overdue financial statements until February 25, 2025, resulting in Supermicro's stock rising 9%.
On the other hand, SMCI's stock slumped 7.90% at 11:44 am ET and sold for $40.67.
