Super Micro Computer stock was rising at the start of the holiday week.Shares of the server maker, whose stock has swung dramatically this year, were up 1.6% at $32.09 after the market opened Monday.

Financial writer discusses Super Micro Computer's drastic stock drop, accounting scandal, and limited upside potential despite overcoming challenges.

Shares of Super Micro Computer have surged since the company's IPO, and the stock's forecast should catch investors' attention.

In October, Ernst & Young resigned as Super Micro's auditor, resulting in a 33% stock plunge. An independent special board committee evaluated concerns from Ernst & Young and found no misconduct following a three-month investigation. The report recommended the company replace its CFO. The company said in November that BDO was its new auditor.

Super Micro Computer Chief Executive Charles Liang on Tuesday said he is confident the technology company's stock will not be delisted from the Nasdaq.

Shares of Super Micro Computer Inc. SMCI advanced 2.56% to $32.40 Monday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 0.73% to 5,