The stock surged Tuesday, just after it said it had hired a new auditor and that it had a plan to submit its late earnings results that would allow it to remain listed on the Nasdaq.

On Monday, the company said that it had hired BDO as its public auditor, replacing Ernst & Young, which resigned in October after it raised concerns regarding the

Supermicro stock is gaining ground on the heels of Nvidia 's recently published third-quarter results. Supermicro is one of Nvidia's largest customers, and the artificial intelligence ( AI) leader's Q3 results, commentary, and forward guidance are sending bullish signals for other AI stocks.