AI newcomer SMCI plunged 15% in a straight line, facing investigation by the US Department of Justice
The issues with SMCI have long been hinted at, with Xingdengbao releasing a short report on August 28, causing Super Micro Computer to plummet over 19%. Subsequently, the company postponed the release of its financial report
The US Department of Justice is investigating Super Micro Computer Inc. (SMCI) for suspected accounting irregularities. The stock price plummeted, leading to two trading suspensions, and is currently down by 15%:
It is worth mentioning that issues with SMCI have been brewing for some time. On August 28th, Super Micro Computer experienced a sharp drop of over 19% after a short-selling report by Muddy Waters, prompting the company to delay the release of its financial results