Super Micro Computer Inc (NASDAQ:SMCI)

Super Micro Computer Inc would not face delisting from the Nasdaq, according to CEO Charles Liang in a Reuters interview on Tuesday. He assured that necessary financial filings would be completed by February.

Liang stated the company plans to meet the February 25 deadline imposed by Nasdaq for filing delayed annual and quarterly reports. This exception follows a warning letter received by the company last week under Nasdaq’s compliance rules.

Super Micro, which saw a surge in value during the generative AI boom due to its AI infrastructure offerings, has faced challenges after an auditing scandal that affected investor confidence and caused its market value to plummet from a high of $67 billion.

Despite these setbacks, Super Micro continues to play a crucial role in the AI sector, collaborating with companies like Elon Musk's xAI. The company is also engaged in advanced projects, including the "Colossus" supercomputer at its specialized facility.