Super Micro Computer Inc.'s shares experienced significant volatility after the company announced that an external review by a special committee of its board and external counsel found no evidence of wrongdoing or fraud. The stock surged by 28.68%, closing at $42, following the announcement, and hit an intraday high of $44.15. The review was initiated due to concerns raised by the company's former auditor. Super Micro also announced the hiring of a new Chief Financial Officer. Despite the positive findings, some analysts remain cautious, pointing out that visibility into the company's financial practices remains limited. The company's market capitalization stands at $3 trillion, and it is known for manufacturing high-powered AI servers. However, a former strategy director has pressed ahead with allegations that Super Micro improperly recognized revenue and shipped incomplete equipment to inflate its financials.