By Callum Keown
Super Micro Computer stock was falling ahead of the open Thursday along with broader tech-sector selling. But investors in the AI server maker have more to worry about than most.
Shareholders are closely following developments in an alleged chip smuggling case. The U.S. government charged co-founder Yih-Shyan "Wally" Liaw and two other individuals last month regarding an alleged plan to divert U.S.-assembled servers to China in a violation of export-control laws.
Liaw pleaded not guilty to the charges in a New York court Wednesday, Bloomberg reported. The company said it "maintains a robust compliance program and is committed to full adherence to all applicable U.S. export and re-export control laws and regulations," in a statement last month. Super Micro didn't immediately respond to a request for comment Thursday.
Super Micro missed out on the second day of market gains Wednesday, falling 1.1%. The shares were pointing more than 3% lower in premarket trading Thursday after President Donald Trump's address to the nation appeared to extinguish any hopes of a swift end of the Iran war.
The stock has fallen on four of the past five trading days and is down 27% since the allegations first came to light last month.
The shares did get a boost on Tuesday, jumping 8%, but uncertainty about the war and the chip-smuggling allegations are likely to keep the stock under pressure.
Write to Callum Keown at callum.keown@dowjones.com
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(END) Dow Jones Newswires
April 02, 2026 07:14 ET (11:14 GMT)
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