Hindenburg Research on Tuesday disclosed a short position in Super Micro Computer and alleged 'accounting manipulation' at the AI server maker.
The logos of Super Micro Computer are pictured at one of the world's largest computer and technology trade shows.and alleged "accounting manipulation" at the AI server maker, the latest by the short seller whose reports have rocked several high-profile companies.
Shares of Super Micro were down 3.5% in morning trade. The stock has nearly doubled in 2024, after more than tripling last year. "It benefited as an early mover but still faces significant accounting, governance and compliance issues and offers an inferior product and service now being eroded away by more credible competition," Hindenburg said in its report.
Close ties with chip giant Nvidia have allowed Super Micro, known for its liquid cooling technology for high-power semiconductors, to capitalize on the surge in demand for AI servers.
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