Super Micro Computer Plunges on Short-Seller Report. Can You Trust Hindenburg Research?
SMCISuper Micro Computer(SMCI) The Motley Fool·2024-09-01 04:00

Hindenburg Research just issued a short report on Supermicro, laying out a series of troubling allegations.Shares of Super Micro Computer (SMCI -2.48%), a darling of the generative AI revolution, tumbled as much as 28% on Wednesday after the server maker suffered a brutal one-two punch.First, the company was the target of a short report from Hindenburg Research, which alleged a wide range of problems at the company, including undisclosed related-party transactions and accounting irregularities. Shortly afte ...