1. Super Micro has overcome accounting concerns and is poised to thrive with U.S. hyperscalers driving AI data center spending; 2. Despite a sales hit from the 10-K delay, the AI server company guided FY25 revenues to $23.5 to $25.0 billion, with a potential target of $40 billion in FY26; 3. Super Micro raised $700 million via a convertible debt offering, signaling a return in investor confidence.