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Supermicro stock plunges 26% after US charges co-founder with conspiracy to smuggle Nvidia chips to China [Yahoo! Finance Canada]

NVIDIA Corporation (NVDA)  More Company Research Source: Yahoo! Finance Canada
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
a contractor with smuggling servers containing Nvidia ( NVDA ) chips to China, in violation of US export controls. The US Attorney's Office for the Southern District of New York charged Supermicro's co-founder, Yih-Shyan "Wally" Liaw, a US citizen who also serves on the company's board of directors and as senior vice president of business development. Ruei-Tsang "Steven" Chang, a sales manager in Taiwan, and Ting-Wei "Willy" Sun, a contractor who was described by authorities as a "fixer," were also charged. Prosecutors alleged that the trio was involved in a scheme to send $2.5 billion worth of US-made servers to China between 2024 and 2025. The indictment said the three people involved sold the AI technology to a pass-through company in Southeast Asia, knowing it would be sent to the US adversary. They allegedly forged documents and staged thousands of “dummy” servers — replicas of the original servers — for inspection at the Southeast Asian company, while the actual servers we [Read more]
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Stockreport

Supermicro stock plunges 26% after US charges co-founder with conspiracy to smuggle Nvidia chips to China [Yahoo! Finance Canada]

NVIDIA Corporation  (NVDA) 
More Company Research Source: Yahoo! Finance Canada
Last nvidia corporation earnings: 2/13 04:20 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
a contractor with smuggling servers containing Nvidia ( NVDA ) chips to China, in violation of US export controls. The US Attorney's Office for the Southern District of New York charged Supermicro's co-founder, Yih-Shyan "Wally" Liaw, a US citizen who also serves on the company's board of directors and as senior vice president of business development. Ruei-Tsang "Steven" Chang, a sales manager in Taiwan, and Ting-Wei "Willy" Sun, a contractor who was described by authorities as a "fixer," were also charged. Prosecutors alleged that the trio was involved in a scheme to send $2.5 billion worth of US-made servers to China between 2024 and 2025. The indictment said the three people involved sold the AI technology to a pass-through company in Southeast Asia, knowing it would be sent to the US adversary. They allegedly forged documents and staged thousands of “dummy” servers — replicas of the original servers — for inspection at the Southeast Asian company, while the actual servers we [Read more]
IMPACT SNAPSHOT
EVENT TIME:
NVDA
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Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
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LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
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High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
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%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
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PERFORMANCE SINCE EVENT
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