US-based investment research firm Hindenburg Research, known for its explosive short-selling reports, is shutting down. The announcement was made by its founder, Nate Anderson, on Wednesday, marking the end of a company that shook financial empires and wiped billions off market valuations.“As I’ve shared with family, friends, and our team since late last year, I…
All eyes are on Big Tech stocks as two “Magnificent Seven” giants, Amazon (AMZN) and Apple (AAPL), alongside semiconductor player Intel, prepare to unveil their quarterly results after market close. Another stock in focus is Super Micro Computer (SMCI), whose stock tumbled nearly 14% after Ernst & Young resigned as the company’s auditor. The move…
Super Micro Computer (SMCI) stock fell 1.7% Thursday after rallying as much as 9% the day before continuing its roller coaster ride of a week as investors swing between optimism over the company’s strong financials and cautiousness over its regulatory risks. Super Micro is reportedly being investigated by the Department of Justice over allegations of…
AI server maker Super Micro Computer (SMCI) stock tumbled 15% Thursday after The Wall Street Journal reported that the company is being probed by the US Department of Justice. The Journal, citing unnamed sources, said the DOJ is investigating the company for potential accounting violations. The issue was first brought to light by the short-selling…
Supermicro (NASDAQ:SMCI), a prominent AI server manufacturer, saw its stock price plummet on Thursday following reports of a Justice Department investigation into alleged accounting irregularities. The probe comes in the wake of a critical report by activist short-selling firm Hindenburg Research, which accused the company of accounting manipulation and other issues. The Wall Street Journal,…
According to a report from the Wall Street Journal, the Department of Justice is investigating Super Micro Computer (SMCI) for accounting violations following a critical report by activist short-selling firm Hindenburg Research. Super Micro Computer’s trading was briefly halted following the news, but has since resumed trading. Catalysts Hosts Seana Smith and Madison Mills report…
By Jonathan Stempel (Reuters) – Carl Icahn said on Monday he was pleased a federal judge dismissed a lawsuit accusing the billionaire of defrauding shareholders of his investment company Icahn Enterprises so he could obtain large amounts of personal loans. The lawsuit followed a May 2023 report by the short-selling firm Hindenburg Research that questioned…