Super Micro Computer shares jumped another 5.2% in premarket trading Wednesday.

The shares spiked 16.5% on Tuesday, exactly one week before its February 25 deadline to file its 2024 annual report, along with its quarterly reports for the September 2024 and December 2024 periods. The shares have soared 32% last week.

Shares are currently trading at double since closing at $26.31 on February 3. Prices have increased about 40% in the last five trading days alone after the company released its preliminary second quarter financial results and guidance. The share price has nearly tripled since closing at $18.01 in mid-November.

"Management has unequivocally assured investors that they would meet the Feb. 25, 2025, deadline to catch up on delayed filings," said Seeking Alpha analyst Hunting Alpha. "There are also no changes to previously reported financials. I think this is lifting an overhang on the stock. It seems opportune to buy before 25 Feb."

"I lean bullish on the company's revenues outlook, encouraged by management's FY '26 (Jun '26 quarter) guidance for $40 billion in sales, corresponding to an almost 65% YoY growth from expected FY '25 figures," Hunting Alpha added.

If Super Micro can effectively move beyond its accounting issues, it is poised to experience significant growth due to artificial intelligence data center demand.

"Super Micro actually forecast a 60%+ rise in sales next fiscal years," said Stone Fox Capital, Investing Group Leader for Out Fox The Street, in an analysis today. "The AI data center demand will definitely surge this year, with the major tech companies forecasting a massive boost in spending. In total, the big tech companies now plan to spend over $325 billion on capital expenditures in 2025."