$SUPER MICRO COMPUTER INC(SMCI)$
Who brought the dip? That report usually sees a spike but not downwards. They saw the technicals breaking down & dropped this right on down onto it.
The Hindenburg Research report on Super Micro Computer, Inc. ($SMCI), released on August 27, 2024, outlines several critical allegations against the company:
1. Accounting Manipulation: Hindenburg alleges that Super Micro has engaged in accounting practices that manipulate its financial statements, potentially inflating profits or hiding liabilities.
2. Sanction Evasion: There are claims that SMCI might be involved in activities that help it or its partners bypass international sanctions, which could involve dealings with entities or regions under trade restrictions.
3. Deteriorating Product Quality: The report suggests that SMCI's products are of inferior quality compared to competitors, and this quality is deteriorating, which could impact future sales and market share.
4. Governance and Compliance Issues: Hindenburg points out significant governance and compliance problems, indicating that SMCI might not adhere strictly to regulatory standards or corporate governance best practices.
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