Confidence in Continued Nasdaq Listing

Super Micro Computer, Inc. CEO Charles Liang expressed confidence on Tuesday that the company will not be delisted from the Nasdaq, despite facing delays in submitting its annual and quarterly reports.

Liang emphasized that the overdue reports will be submitted on time, reflecting the company's commitment to maintaining its Nasdaq listing.

Nasdaq Grants Deadline Extension

In a recent development, Nasdaq announced an extension of Supermicro's deadline for submitting the overdue financial statements until February 25, 2025. This news resulted in a 9% surge in Supermicro's stock.

Market Response

Despite the positive news from Nasdaq, Supermicro's stock experienced a 7.90% decline, trading at $40.67 at 11:44 am ET, indicating mixed market sentiment.