Super Micro said it will keep its Nasdaq listing while the exchange reviews its plan to regain compliance after it failed to file an annual report on time.

Super Micro Computer stock (NASDAQ: SMCI) fell by about 6% in Tuesday’s trading and remains down 54% over the past month amid significant corporate governance concerns and questions about the company’s financial reporting.

Nvidia stock falls ahead of the AI chip maker’s quarterly earnings later this week, while Super Micro Computer is expected Monday to submit a plan to allow it to continue to trade on the Nasdaq.

Super Micro announced the appointment of BDO USA as its independent auditor, effective immediately, less than a month after Ernst & Young resigned after it raised concerns about the company's governance,

Super Micro Computer stock (SMCI) surged more than 30% on Tuesday morning after the AI hardware company successfully maintained its Nasdaq (NDAQ) listing by hiring a new auditor. The move comes several weeks after the server company’s auditor,

Super Micro said on Monday that it hired BDO as its independent auditor. The stock, which as cratered since peaking in March, rose 23% in extended trading, continuing its rally from earlier in the day.