BREAKING: Super Micro Computer slides after US Justice Deparment probe

3:52 PM 26 September 2024

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. 

 

 

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