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Super Micro shares plunge as US charges co-founder, 2 more for smuggling AI chips to China [Yahoo! Finance]
Last nvidia corporation earnings: 2/13 04:20 pm
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with the company, including ?its co-founder, with helping smuggle billions of dollars worth of ? AI technology to China. The drop in premarket trading would erase nearly $5 billion from Super Micro's $18.49 ?billion market value if the losses hold. U.S. prosecutors did not name Super Micro - a major AI server builder using Nvidia 's chips - in the complaint. The company confirmed it was not named as a defendant in the case, and ?that it had cooperated with ?investigators. The Department of Justice has charged its co-founder Yih-Shyan Liaw, Taiwan-office sales manager Ruei-Tsang Chang and contractor Ting-Wei Sun ?on allegations of a complex scheme to send U.S.-made servers via Taiwan to other countries in Southeast Asia. From there, they were swapped into unmarked ?boxes and ?sent onward to China. The accused were ?charged with helping smuggle at ?least $2.5 billion of U.S. AI technology to China, with products worth more than half a billion dollars sent between April and mid-M
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- 3 AI Stocks Trading at Bargain Prices After the Recent Sell-Off [Yahoo! Finance][Yahoo! Finance]
- Supermicro stock plunges 26% after US charges co-founder with conspiracy to smuggle Nvidia chips to China [Yahoo! Finance Canada][Yahoo! Finance Canada]
- Markets To Nvidia: You Have Something We Desire [Seeking Alpha][Seeking Alpha]
- Steward Partners exec: Nvidia earnings staggering, but nervous investors hold stock back [Yahoo! Finance][Yahoo! Finance]
- Nvidia's $20 Billion Groq Deal Queried by Warren, Blumenthal [Yahoo! Finance][Yahoo! Finance]
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