In a recent announcement, Hindenburg Research revealed that it has taken a short position in Super Micro Computer, a prominent server manufacturer.
The decision follows an investigation that purportedly uncovered various irregularities, including accounting manipulation and undisclosed related party transactions.
Hindenburg's report also raises concerns regarding the company's adherence to export controls.
Despite the allegations, Super Micro has not yet responded to requests for comment.
The news of Hindenburg’s position caused a noticeable dip in Super Micro's share price, which fell by approximately 5% in early trading.
This decline comes amidst a significant surge in the company's shares, which have nearly doubled this year, thanks in part to its strategic partnership with chip giant Nvidia.
This collaboration has accelerated Super Micro's deployment of servers equipped with AI chips, positioning it as a major beneficiary of the generative AI boom.
The accusations from Hindenburg add Super Micro to the list of companies impacted by the short seller's investigations over the past year.
Notable campaigns by Hindenburg have previously led to significant market upheavals for other major firms, including India's Adani Group and Icahn Enterprises in the U.S.
