Reported about 2 months ago
Hindenburg Research has revealed a short position in Super Micro Computer, alleging accounting manipulations and significant governance issues. The report claims evidence of undisclosed transactions and non-compliance with export controls, causing Super Micro's stock to drop 3.5% in morning trading. Despite benefiting from the AI boom, Super Micro faces mounting competition and pressure on profit margins, leading to concerns over its financial practices.
Source: YAHOO