Server maker Super Micro Computer stock (NASDAQ: SMCI) extended its recent rally, gaining close to 29% on Monday.

Super Micro Computer faces serious risks with auditor resignation and DoJ investigation. Learn why SMCI stock is highly risky due to unresolved issues.

The company’s shares have swung up and down since accounting giant Ernst & Young resigned as its auditor in October after losing confidence in its financial reporting. Shares of Super Micro Computer,

Super Micro Computer (SMCI -6.93%), the AI server maker, has taken investors on a wild ride over the last three months. The company's troubles began with a short-seller report fro

Shares in Super Micro Computer surged more than 20% after the company said a review of its accounting hadn't supported claims made by former auditor Ernst & Young, or raised major concerns about senior management.

Super Micro Computer has begun the search for a new finance chief based on recommendations made by a special committee formed to look into the AI server maker's accounting practices, the company said on Monday.

Ernst & Young (EY) resigned in October after raising concerns about transparency and governance, prompting the review.

Super Micro Computer Inc. said an independent review of its business found no evidence of misconduct but recommended that the server maker appoint new top financial and legal leadership.

Shares of Super Micro Computer (SMCI) (SMCI) soared 23% on Monday morning following the announcement that an independent special committee had concluded its investigation into the company’s operations and found no evidence of misconduct by the company’s management or Board of Directors.