BREAKING: SUPER MICRO COMPUTER STOCK PLUMMETS AFTER FRAUD ACCUSATIONS
Hindenburg Research alleges that Super Micro Computer (SMCI) engaged in accounting manipulation, including hiding inventory and inflating profit margins, after a 3-month investigation.
The stock, already down 15% since mid-August, has now dropped 50% from its all-time high. Hindenburg reportedly has taken a short position, betting that SMCI's stock will fall even further.
