Super Micro Stock Plunges
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The company is in the middle of an export scandal between the United States and China.
Shares of Super Micro plunging after U.S. Attorneys charge 3 company employees with smuggling NVIDIA chips to China. The Investment Committee debate the story and what it could mean for some of Super Micro's competitors.
Super Micro Computer (NASDAQ:SMCI | SMCI Price Prediction) stock plummeted 27% in Friday morning trading after federal prosecutors charged three company associates, including a co-founder, with illegally smuggling AI servers to China.
People connected to the server company have been charged with conspiring to deliver restricted tech to China. Supermicro is not named as a defendant. Shares in Super Micro Computer (Nasdaq: SMCI) are falling off a cliff this morning after news that the U.
Shares of server leader Super Micro Computer (NASDAQ: SMCI) rallied 11.3% in February, according to data from S&P Global Market Intelligence. Super Micro had been a laggard among AI stocks over the past year and a half,