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Hindenburg targets US firm Super Micro in new report, cites 'accounting red flags'
short by Hiral / on Tuesday, 27 August, 2024
Hindenburg Research has disclosed a short position in American server maker Super Micro Computer. After a 3-month investigation, Hindenburg said it found accounting red flags, evidence of undisclosed related party transactions, sanctions and export control failures, and customer issues at the company. Super Micro stock, which nearly doubled this year to outperform Nvidia, tumbled after the report.
read more at Reuters