Shares of a major American company rise by more than 20% for this reason!

Shares of Super Micro Computer experienced a significant increase of over 20% during trading on the U.S. stock market, following the announcement of the results of an independent special committee's investigation into certain allegations that had previously targeted the company.

The committee, which was supported by Cooley LLP and criminal accounting advisors Secretariat Advisors, confirmed that no evidence was found to incriminate the management or the board of directors regarding any illegal or unethical behavior.

The committee also clarified that there is no need to restate previous financial reports, reflecting the accuracy and transparency of the financial data announced in prior periods. This affirmation underscores the company's integrity and financial stability, which enhances investor confidence in its shares.

On the trading front, Super Micro Computer (NASDAQ: SMCI) saw a notable increase of 20.16%, translating to an increase of $6.58 per share, trading at $39.22 per share during sessions on the U.S. stock market. This rise reflects a strong market response to the positive results announced, bolstering optimism about the company's future and its performance in the upcoming period.