Super Micro Computer Stock Drops Amid DOJ Investigation 🚨
Shares of Super Micro Computer (NASDAQ:SMCI) decline after reports reveal the company is under investigation by the Department of Justice, raising concerns among investors.
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Super Micro Computer (NASDAQ:SMCI) shares are falling Thursday following a report indicating the company is being probed by the Department of Justice following an August short report from Hindenburg Research.
The Details: According to a Wall Street Journal report, the company is being probed by U.S. Department of Justice following Hindenburg‘s report, published on Aug. 27, 2024. The short report included allegations made by former employee, Bob Luong, who also filed a whistleblower lawsuit in April against Super Micro and its CEO Charles Liang.
The Details: According to a Wall Street Journal report, the company is being probed by U.S. Department of Justice following Hindenburg‘s report, published on Aug. 27, 2024. The short report included allegations made by former employee, Bob Luong, who also filed a whistleblower lawsuit in April against Super Micro and its CEO Charles Liang.
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Sep 27, 2024
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