Super Micro Computer Stock Falls On Short Report: Hindenburg Says Company Has 'Accounting, Governance And Compliance Issues'

Quick Summary:

Hindenburg accuses Super Micro Computer of accounting manipulation, sibling self-dealing and sanctions evasion in a short report issued Tuesday.

A new Hindenburg short report alleges that all may not be well with the high growth of Super Micro Computer Inc (NASDAQ:SMCI) and its presence in the artificial intelligence sector.

Benzinga contacted Super Micro Computer for comment on the short report.Hindenburg ...

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Article Details

Author / Journalist: Chris Katje

Category: Technology

Markets: United States

Topics: SMCI Tech KeyProj Trading Ideas Short report Artificial intelligence Top Stories Short Ideas Stories That Matter AI Semiconductors Benzinga AI stocks US86800U1043 Movers Hindenburg

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-27 @ 14:58:45 (5 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 610 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22282697

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About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Year Established: 2010

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

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Publisher ID: #53

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