BUZZ-Super Micro climbs as delayed annual report filing now in sight

Shares of Super Micro Computer SMCI.O up 7.2% at $41.40 premarket

AI server maker says it will be able to file its delayed FY25 and quarterly reports with the SEC by February 25

The company also cut its annual revenue forecast, mainly due to delays in the availability of Nvidia's NVDA.O Blackwell processors

The stock has nearly halved in value over past 12 months following a short-seller report by Hindenburg, delayed regulatory filings and its auditor resigning; S&P 500 .SPX has gained 20.9% in the same period

In early December, SMCI said an independent committee's review, which took over three months, found no evidence of fraud or misconduct on the part of Super Micro's management and recommended hiring a new finance chief