Super Micro shares tank 25% after employees charged with smuggling Nvidia chips to China [MSNBC.com]
NVIDIA Corporation (NVDA)
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Source: MSNBC.com
A Southeast Asian company, acting as a middleman, compiled fake paperwork to appear as if it would be using the servers and had a separate logistics firm repackage the servers to conceal them before going to China, according to the indictment.The defendants tried to fool the server maker's compliance team with "dummy" servers at the Southeast Asian company's storage facilities, while the real servers had already been forwarded to China, and pressured the compliance team into approving shipments, according to the indictment. The defendants allegedly also employed "dummy" servers during a visit from a U.S. export control officer.The efforts have yielded around $2.5 billion in sales for the server maker since 2024, with $510 million sold between late April 2025 and mid-May 2025 going to the Southeast Asian company and on to China, the indictment said. The plaintiff said the server maker had no U.S. Commerce Department license to export servers featuring Nvidia GPUs to China.Chang worked
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- The Tech Download: Agentic tools and chips take center stage at Nvidia's 'Super Bowl of AI' [MSNBC.com]MSNBC.com
- Super Micro Tanks 22% as Co-Founder Arrested in $2.5 Billion AI Chip Smuggling Ring [Yahoo! Finance]Yahoo! Finance
- Forget Yield Chasing Right Now and Buy These Growth ETFs Instead [Yahoo! Finance]Yahoo! Finance
- Nvidia CEO: $10 trillion company valuation absolutely possible [Yahoo! Finance]Yahoo! Finance
- Nvidia to sell 1M AI chips, other products to AWS by end of 2027: report [Seeking Alpha]Seeking Alpha
NVDA
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- 2/25/26 - Beat
NVDA
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- 3/19/26 - Form 144/A
- 3/19/26 - Form 4
- 3/19/26 - Form 144
- NVDA's page on the SEC website