We just talked about the problem, and here it comes
Just yesterday we talked about the short report previously published against Super Micro Computer, which is - SMCI.
And this morning? The company's stock is collapsing by 26%!
Why?
3 employees from the company are being sued by the United States government for smuggling Nvidia chips, which are forbidden for export - to China.
Let's go back to the short report:
One of the most interesting points in the short report published at the time about $SMCI - dealt with exactly this.
According to the report - Super Micro Computer smuggled chips to China through shell companies.
Today? This point receives confirmation.
And the crazy part:
One of those sued by the US government is none other than - a co-founder of the company!
If we go back to our post, we can observe -
that sometimes poor crisis management -
can serve as a warning sign about what is really happening behind the scenes...
We will continue to follow