Shares of Super Micro Computer (NASDAQ:SMCI) soared over 18% Monday after the company announced the completion of an independent review by a special committee of its board. The review cleared management and the audit 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.

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

Just over a month after Ernst & Young resigned as its public accounting firm, Super Micro Computer says a review committee has found no evidence of fraud or misconduct among the server maker’s leaders

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George Tsilis says Super Micro Computer's technology is not unique. Elon Musk has reportedly switched from SMCI to Dell for AI servers.

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

Ernst & Young (EY) resigned in October after raising concerns about transparency and governance, prompting the review.

Super Micro Computer Inc. said an independent review of its business found no evidence of misconduct but recommended that the server maker appoint new top financial and legal leadership.

Super Micro Computer soared Monday after a special committee's review found no evidence of misconduct. EY had resigned as auditor in October.