Super Micro Computer Stock Falls On Report Of DOJ Probe

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Super Micro Computer (NASDAQ:SMCI) shares are falling Thursday following a report indicating the company is being probed by the Department of Justice following an August short report from Hindenburg Research.

The Details: According to a Wall Street Journal report, the company is being probed by U.S. Department of Justice following Hindenburg‘s report, published on Aug. 27, 2024. The short report included allegations made by former employee, Bob Luong, who also filed a whistleblower lawsuit in April against Super Micro and its CEO Charles Liang.

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