The company’s shares fell about 5% at the start of trading. SuperMicro did not immediately respond to a request for comment.
Its close ties with semiconductor giant Nvidia have enabled Super Micro to quickly deploy servers equipped with AI chips, making it one of the biggest winners in the generative artificial intelligence boom.
The company’s shares have nearly doubled this year after more than tripling in 2022, outperforming even Nvidia.
The short sellers said their investigation, which included interviews with former senior employees and industry experts and reviews of customers, lawsuits and company records, found evidence of undisclosed related-party transactions and non-compliance with export controls. Reuters could not independently verify the report’s claims. Hindenburg has spearheaded a short-seller offensive that has rocked several high-profile companies over the past year. Its campaigns have led to crashes in shares of companies belonging to Indian conglomerate Adani Group and investment firm Icahn Enterprises.
