Hindenburg takes aim at AI server maker Super Micro with short position
- Hindenburg Research on Tuesday disclosed a short position in Super Micro Computer and alleged "accounting manipulation" at the AI server maker, the latest by the short seller whose reports have rocked several high-profile companies.
Shares of Super Micro were down 3.5% in morning trade. The stock has nearly doubled in 2024, after more than tripling last year. "It benefited as an early mover but still faces significant accounting, governance, and compliance issues and offers an inferior product and service now being eroded by more credible competition," Hindenburg said in its report.
Close ties with chip giant Nvidia have allowed Super Micro, known for its liquid cooling technology for high-power semiconductors, to capitalize on the surge in demand for AI servers.
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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