An analyst just downgraded Super Micro's stock on concerns that the export-control scandal involving the server company's co-founder will weigh on customer trust.
Super Micro Computer (NASDAQ:SMCI | SMCI Price Prediction) stock is bouncing toward the $22 level Monday morning, with SMCI up roughly 5% in early trading after getting crushed last week.
Super Micro Computer expands AI lineup with NVIDIA-powered systems, targeting data centers and edge AI.
Super Micro Computer stock tumbled after one of its co-founders was indicted for alleged chip smuggling but some see cause for hope.
Super Micro plunged over 30% after employees, including a co-founder, were charged with smuggling AI chips to China, but SMCI itself was not implicated. Despite alarming headlines, DoJ findings support SMCI's compliance and internal controls, with no charges against the company after extensive investigation. The case estimated $2.5 billion in smuggled sales was ~10% of FY25 revenue levels; FY26 guidance of $40 billion wouldn't be impacted, suggesting limited financial hits.
Super Micro Computer ( NASDAQ:SMCI | SMCI Price Prediction ) shares cratered roughly 33% yesterday after U.S.
A once-high-flying tech stock just lost one-third of its value in a single session.
Super Micro Computer said Yih-Shyan "Wally" Liaw, a co-founder, has resigned from the server maker's board after he was indicted in the U.S. Prosecutors indicted Liaw on allegations of smuggling equipment containing Nvidia artificial intelligence chips into China.
Super Micro Computer said on Friday that Yih-Shyan Liaw has resigned from its board, effective immediately.
The company confirmed it was not named as a defendant in the case, and said it had cooperated with investigators.
Shares in Super Micro Computer (Nasdaq: SMCI) are falling off a cliff this morning after news that the U.S. Department of Justice (DOJ) has charged the company's cofounder and two other associates with conspiring to deliver restricted AI technology to China.
Super Micro Computer (NASDAQ: SMCI) crashed this morning after federal prosecutors unsealed a bombshell indictment charging a company co-founder and high-ranking employees with a massive scheme to smuggle advanced AI technology to China. SMCI stock tanked more than 25% in early trading as investors learned that Yih-Shyan “Wally” Liaw – a co-founder – and board member allegedly participated in a backdoor operation to divert $2.5 billion worth of restricted Nvidia-powered servers to Chinese entities.