1. Super Micro Computer avoided Nasdaq delisting by filing its 10-K on time, with no accounting wrongdoing found, easing investor concerns. 2. Despite impressive sales growth, declining profit margins and fierce competition from Dell and HPE pose significant risks. 3. Super Micro Computer's strong balance sheet, low debt, and cash reserves make it financially stable, but sustainability of growth remains uncertain. 4. Assuming no further accounting issues and a continued AI boom, SMCI stock appears highly undervalued and presents a bullish investment opportunity.