Super Micro Computer stock dropped Thursday on a media report that the US Department of Justice is investigating the company for potential accounting...
The Journal, citing unnamed sources, said the DOJ is investigating the company for potential accounting violations. The issue was first brought to light by the short-selling firm Hindenburg Research in August in athat accused Super Micro Computer of “glaring accounting red flags," as well as “undisclosed related party transactions" and “sanctions and export control failures.”.
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