Super Micro Computer Faces DOJ Probe Amid Stock Volatility

The AI server maker's shares plummet following allegations of accounting manipulation and export violations.

The U.S. Department of Justice is reportedly investigating Super Micro Computer for alleged accounting irregularities and export violations.
The investigation follows a report by Hindenburg Research, which accused the company of financial misconduct and sanctions evasion.
Supermicro's stock dropped by 12% after news of the DOJ probe, adding to a previous 20% decline following the Hindenburg report.
The company has denied the allegations, stating that the Hindenburg report contains false or misleading information.
Supermicro is set to proceed with a 10-for-1 stock split on October 1, adding uncertainty to its already volatile stock performance.