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SMCI Plunges 33%: Smart Buy or a High-Risk Bet? [Yahoo! Finance]
Last nvidia corporation earnings: 2/13 04:20 pm
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US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
But does this sharp decline create a buying opportunity given its strong artificial intelligence (AI)-driven outlook, or is it better for investors to stay away? Let's take a closer look – SMCI Falls on $2.5B Smuggling Allegations Supermicro's shares tumbled on Friday after three individuals linked to the company were accused of illegally shipping AI-centric servers equipped with NVIDIA Corporation 's NVDA graphic processing units (GPUs) to China, violating U.S. export restrictions. U.S. prosecutors have charged co-founder Yih-Shyan “Wally” Liaw, manager Ruei-Tsan “Steven” Chang, and contractor Ting-Wei “Willy” Sun under the Export Control Reform Act, alleging that they smuggled roughly $2.5 billion worth of NVIDIA-powered servers. Adding to concerns, Liaw had stepped down from Supermicro amid an accounting scandal, later rejoining the company as a consultant and then becoming a member of the board of directors. Supermicro placed Liaw and Chang on administrative leave and term
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