Hindenburg takes aim at AI server maker Super Micro with short position
Publishing timestamp: 2024-08-27 13:41:33
Summary
Hindenburg Research disclosed a short position in Super Micro Computer, alleging "accounting manipulation" and citing various issues such as undisclosed related party transactions and failure to abide by export controls. The company's stock has been one of the biggest winners in the generative artificial intelligence boom, but faces significant accounting, governance, and compliance issues according to the report. Shares of Super Micro were down 3.5% in morning trade.
Sentiment: NEGATIVE
Keywords: technology, markets, business news, breaking news: markets, super micro computer inc, nvidia corp, short selling, breaking news: technology, business,