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Stockreport

Super Micro shares tank 25% after employees charged with smuggling Nvidia chips to China [MSNBC.com]

NVIDIA Corporation (NVDA)  More Company Research Source: MSNBC.com
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
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 [Read more]

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Stockreport

Super Micro shares tank 25% after employees charged with smuggling Nvidia chips to China [MSNBC.com]

NVIDIA Corporation  (NVDA) 
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
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 [Read more]

IMPACT SNAPSHOT
EVENT TIME:
NVDA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
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%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
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Low:
%
POST NEWS RANGE
%
PRICE CHANGE

PRICE CHANGE PERCENTAGE


S&P 500 (SPX)

%

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%

VOLUME (SHARES)
TICKS

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EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
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