Super Micro Computer (SMCI) has submitted a plan to maintain its listing on the Nasdaq after it missed deadlines for providing financial reports to investors. The San Jose, Calif., server maker said Monday it intends to regain compliance with the exchange’s continued listing requirements after failing to file its reports for its fiscal year ended June 30,

Through Friday, the stock had plummeted 84.4% since it closed at a record $118.81 on March 13, at the height of AI hype. At that record close, the stock had rocketed 318% to date

Super Micro Computer Inc. shares jumped as much as 30% in extended trading after the company hired a new auditor and filed a plan to come into compliance with Nasdaq listing requirements.