Shares in Super Micro Computer surged more than 20% after the company said a review of its accounting hadn't supported claims made by former auditor Ernst & Young, or raised major concerns about senior management.

Shares of Super Micro Computer Inc. powered higher Monday after the server maker and artificial-intelligence play said an internal probe into accounting issues “did not raise any substantial concerns” about the integrity of its management.

Shares of Super Micro Computer (SMCI) (SMCI) soared 23% on Monday morning following the announcement that an independent special committee had concluded its investigation into the company’s operations and found no evidence of misconduct by the company’s management or Board of Directors.