Supermicro Stock Plummets Amid Reports of Justice Department Investigation

Supermicro Stock Plummets Amid Reports of Justice Department Investigation

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,…

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