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Investing.com — Tremendous Micro Pc Inc (NASDAQ:SMCI) wouldn’t face delisting from the Nasdaq, CEO Charles Liang stated on Tuesday in a Reuters interview, assuring that crucial monetary filings can be accomplished by February.
Liang stated the corporate plans to fulfill the Feb. 25 deadline imposed by Nasdaq for submitting delayed annual and quarterly studies. The exception comes after the embattled server maker acquired a warning letter final week below Nasdaq’s compliance guidelines.
Tremendous Micro, which surged in worth through the generative AI growth as a consequence of its AI infrastructure choices, has confronted challenges following an auditing scandal that shook investor confidence and dented its market worth, as soon as as excessive as $67 billion.
Even with these setbacks, Tremendous Micro continues to play essential function within the AI house, collaborating with companies similar to Elon Musk’s xAI.
The corporate has been engaged on superior initiatives, together with the “Colossus” supercomputer at its specialised facility.
