Super Micro Computer’s stock (SMCI) has been at the center of controversy in recent months due to accounting fraud allegations from a

Super Micro Computer shares are trading higher by 25% since Monday's open. The company this week released findings from an internal investigation led by its Special Committee.

SMCI shares have swung up and down since accounting giant Ernst & Young resigned as Super Micro Computer's auditor in October after losing confidence in its financial reporting.

Supermicro says independent review did not find evidence of fraud. Supermicro stock has well over doubled since mid-November.

The AI server maker’s shares were once again leading the S&P 500’s biggest gainers early Tuesday, jumping 7% ahead of the open.

Server maker Super Micro Computer stock (NASDAQ: SMCI) extended its recent rally, gaining close to 29% on Monday.

Key Takeaways Supermicro shares jumped nearly 30% Monday after the server maker announced that an independent review of its accounting practices found no wrongdoing. The stock has reclaimed the lower trendline of a descending broadening formation that has been in play since the stock topped out in early March.