Super Micro co-founder charged with smuggling NVIDIA chips
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The company is in the middle of an export scandal between the United States and 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.
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.
Supermicro shareholders just got some potentially disastrous news.
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,
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Super Micro Computer, Inc. (SMCI) Expands Support for Sovereign Artificial Intelligence Platforms
Super Micro Computer, Inc. (NASDAQ:SMCI) is one of the 11 Best Affordable Growth Stocks to Buy Now. On March 2, Super Micro Computer Inc. (NASDAQ:SMCI) expanded support for infrastructure solutions powering sovereign artificial intelligence platforms and Radio Access Networks.