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Will Super Micro Computer (SMCI) be found guilty of accounting violations by the DOJ by end of 2024?
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Story
Super Micro Computer Faces DOJ Probe Over Alleged Accounting Violations, Stock Down 14%
Sep 26, 2024, 02:50 PM
Super Micro Computer (SMCI), a server maker that has benefited from the artificial intelligence boom, is being investigated by the U.S. Department of Justice for alleged accounting violations. This probe follows a critical report by the activist short-selling firm Hindenburg and accusations from a former employee, as reported by the Wall Street Journal. The investigation is in its early stages, and the company's stock has been halted and is down 14%.
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