10 Firms That Soared Last Week

8. Super Micro Computer Inc. (NASDAQ:SMCI)

Super Micro’s share prices jumped by 27.2 percent in just one week, buoyed by a flurry of positive news that sparked buying appetite.

Last week alone, SMCI announced it was ramping up to full production of its end-to-end AI data center Building Block Solutions accelerated by the Nvidia Blackwell platform.

Secondly, the company is set to provide a long-awaited business update on Tuesday, February 11, where investors will be watching out for the company’s delayed annual report for the 12 months ending June 2024, and whether it will be able to submit all delayed filings by February 25, the final deadline for all delayed filings, which is a key factor to keeping its position as a publicly listed company.

It can be learned that SMCI was temporarily delisted from Nasdaq in 2018 after failing to submit financial statements on time. It returned two years later, and was again penalized by the SEC for “widespread accounting violations.”