Management's commitment to file the financial report on time boosted confidence, and Super Micro Computer (SMCI.US) rose more than 7% before the market opened.

Microchip Technology (MCHP) shares rose more than 7% before the market opened on Wednesday, trading at $59.89. The news is that there are less than a week left until the deadline for Microchip Technology's annual report for 2024 and quarterly reports for September and December 2024. Seeking Alpha analyst Hunting Alpha said, "Management has clearly assured investors that they will complete the delayed reports before the deadline on February 25, 2025. The previously announced financial data has not changed. I think this removes potential pressure on the stock. It seems wise to buy before February 25." Hunting Alpha added, "I am optimistic about the company's future revenue prospects, thanks to management's revenue guidance of $40 billion in fiscal 2026, which means a year-on-year growth of nearly 65% compared to the expected data in fiscal 2025." The market generally expects Microchip Technology to achieve significant growth as the demand for AI data centers increases if it can effectively solve its accounting problems.