The SEC requires publicly traded companies to file annual reports to maintain their listings on U.S. stock exchanges, which SMCI has yet to do for its year ended June 30, 2024.

The Wall Street Journal. “Wolfspeed Prepares to File for Bankruptcy Within Weeks. ... Bumble Stock Soars as Dating App Company Announces Layoffs, Lifts Q2 Outlook .

Price Action: SMCI stock closed at $43.93 on Friday, up 6.8% for the day. In after-market hours, it surged by 8.9%. Year-to-date, SMCI stock is up 54%, according to data from Benzinga Pro .