Shares of Super Micro Computer surged more than 30% after a special committee ruled it found "no evidence of misconduct" at the embattled AI server maker.

Super Micro Computer soared Monday after a special committee's review found no evidence of misconduct. EY had resigned as auditor in October.

Just over a month after Ernst & Young resigned as its public accounting firm, Super Micro Computer says a review committee has found no evidence of fraud or misconduct among the server maker’s leadership.