Super Micro Computer shares dropped over 15% following a report that the U.S. Department of Justice opened a probe into the company. The Wall Street Journal reports that the DOJ's probe into Super Micro is in its early stages, following Hindenburg Research's short position disclosure in August. Hindenburg alleges new evidence of accounting manipulation, but CNBC has not independently verified these claims. Super Micro, a key player in the AI boom, supplies servers to companies like Nvidia, AMD, and Intel. A prosecutor in San Francisco has requested information regarding a former employee who accused the company of accounting violations.
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00:00It's Benzinga, and here's what's on the block.
00:03Supermicrocomputer shares dropped over 15 percent following a report that the U.S. Department
00:07of Justice opened a probe into the company.
00:10The Wall Street Journal reports that the DOJ's probe into Supermicrocomputer is in its early
00:14stages following Hindenburg Research's short-position disclosure in August.
00:20Hindenburg alleges new evidence of accounting manipulation, but CNBC has not independently
00:24verified these claims.
00:27Supermicrocomputer, a key player in the AI boom, supplies servers to companies like Nvidia,
00:31AMD, and Intel.
00:32A prosecutor in San Francisco has requested information regarding a former employee who
00:37accused the company of accounting violations.