{"id":26445,"date":"2024-09-26T22:20:06","date_gmt":"2024-09-26T22:20:06","guid":{"rendered":"http:\/\/108039674"},"modified":"2024-09-26T22:20:06","modified_gmt":"2024-09-26T22:20:06","slug":"super-micro-shares-tumble-12-after-doj-reportedly-opens-probe-into-company","status":"publish","type":"post","link":"https:\/\/wp.worldtechguide.net\/super-micro-shares-tumble-12-after-doj-reportedly-opens-probe-into-company\/","title":{"rendered":"Super Micro shares tumble 12% after DOJ reportedly opens probe into company"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/wp.worldtechguide.net\/wp-content\/uploads\/2024\/09\/super-micro-shares-tumble-12-after-doj-reportedly-opens-probe-into-company.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p><span class=\"HighlightShare-hidden\"><\/span><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108026676\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>Jaque Silva | SOPA Images | Lightrocket | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\"><span class=\"waslinkname\">Super Micro Computer<\/span><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> shares closed down 12% on Thursday after the Justice Department reportedly opened a probe into the company, which has been a major beneficiary of the <span class=\"waslinkname\">artificial intelligence<\/span> boom.<\/p>\n<p>The probe is in its early days, according to a report from <span class=\"waslinkname\">The Wall Street Journal<\/span>, and it comes after Hindenburg Research disclosed a&nbsp;<span class=\"waslinkname\">short position<\/span>&nbsp;in the company in late August. Hindenburg said it identified &#8220;fresh evidence of accounting manipulation,&#8221; according to its&nbsp;<span class=\"waslinkname\">report<\/span>. CNBC could not independently verify Hindenburg&#8217;s claims.&nbsp;<\/p>\n<p>Super Micro makes computers that companies use as servers for websites, data storage and other applications, including&nbsp;AI&nbsp;algorithms. The company&#8217;s customers include major players in AI such as&nbsp;<span class=\"waslinkname\">Nvidia<\/span>,&nbsp;<span class=\"waslinkname\">AMD<\/span>&nbsp;and&nbsp;<span class=\"waslinkname\">Intel<\/span>.<\/p>\n<p>A prosecutor in the U.S. attorney&#8217;s office in San Francisco has asked for information about a former employee who has previously accused Super Micro of accounting violations, according to the Journal.<\/p>\n<p>Following Hindenburg&#8217;s report in August, Super Micro said it would <span class=\"waslinkname\">not file<\/span> its annual report for the fiscal year with the U.S. Securities and Exchange Commission on time, sending shares tumbling nearly 20%. It is not clear if the delay was related to the firm&#8217;s report.<\/p>\n<p>Super Micro and the Department of Justice declined to comment. Hindenburg did not immediately respond to CNBC&#8217;s requests for comment.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Jaque Silva | SOPA Images | Lightrocket | Getty Images Super Micro Computer shares closed down 12% on Thursday after the Justice Department reportedly opened a probe into the company, which has been a major beneficiary of the artificial intelligence boom. The probe is in its early days, according to a report from The Wall &hellip;<\/p>\n","protected":false},"author":1,"featured_media":26446,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"hashtags":[],"class_list":["post-26445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech","has-thumb","has-featured"],"_links":{"self":[{"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/posts\/26445"}],"collection":[{"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/comments?post=26445"}],"version-history":[{"count":0,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/posts\/26445\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/media\/26446"}],"wp:attachment":[{"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/media?parent=26445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/categories?post=26445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/tags?post=26445"},{"taxonomy":"hashtags","embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/hashtags?post=26445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}