$SUPER MICRO COMPUTER INC(SMCI

$SUPER MICRO COMPUTER INC(SMCI)$ Supermicro (SMCI) has been hit with serious allegations from Hindenburg Research, which could really impact the stock. Hindenburg claims Supermicro has been involved in accounting manipulation, including recognizing incomplete sales and related-party transactions with companies linked to the CEO's family. On top of that, there are concerns about the company continuing business with Russian entities, potentially violating sanctions after the Ukraine invasion. Major customers like Tesla and DigitalOcean have reportedly moved away from Supermicro due to product quality issues, and competitors like Dell are putting pressure on margins by offering AI servers at very low prices. Supermicro has also delayed its fiscal 2024 filing, which isn’t helping investor confidence. The stock dropped 25% after this report, so it’s looking like a high-risk play for 2024 unless they can clear up these allegations.

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