The U.S. Department of Justice intends to launch an investigation into the Super Micro Computer (SMCI.US) company, the Wall Street Journal reported. Super Micro ex-employee accused AI-server maker of accounting violations. According to the WSJ, the government took an interest in the company after Hindenburg Research took a short position on the company's stock citing, among other things, just deliberate accounting omissions. The company's shares lost 8% in 2 minutes after the news was published.
US OPEN: Indices rebound in anticipation of Micron's results
29 Billion Dollars for AI. SK Hynix Opens a New Chapter in the Semiconductor Market
Will Palantir keep declining? Michael Burry weighs in.
Micron Earnings Ahead: A Crucial Test for Semiconductor and AI Stocks?
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
