The risk of delisting has hung over Super Micro's stock in recent months following a huge rally. Sales have surged because Super Micro is one of the top vendors for Nvidia-based computer clusters for artificial intelligence. Super Micro says it expects sales growth of roughly 67% to about $25 billion in fiscal 2025.
In October, Ernst & Young resigned as the company's auditor, and Super Micro named BDO to the position last month. The company's reputation also took a hit in August after activist investor Hindenburg Research revealed a short position and accused Super Micro of accounting manipulation.