Super Micro Stock Plunges
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The company is in the middle of an export scandal between the United States and China.
Super Micro Computer (NASDAQ:SMCI | SMCI Price Prediction) stock plummeted 27% in Friday morning trading after federal prosecutors charged three company associates, including a co-founder, with illegally smuggling AI servers to China.
Shares of Super Micro plunging after U.S. Attorneys charge 3 company employees with smuggling NVIDIA chips to China. The Investment Committee debate the story and what it could mean for some of Super Micro's competitors.
Supermicro finds itself in yet another scandal.