Added to YB: 2024-08-28
Pitch date: 2024-08-27
SMCI [bearish]
Super Micro Computer, Inc.
+40.1%
current return
Author Info
Company Info
Super Micro Computer, Inc., together with its subsidiaries, develops and manufactures high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally.
Market Cap
$28.5B
Pitch Price
$48.59
Price Target
N/A
Dividend
N/A
Sector
Technology Hardware, Storage and Peripherals
Category
special_situation
Super Micro Computer Faces Allegations of Accounting Fraud, Sanctions Evasion, and Related Party Dealings
SMCI short: Fresh evidence of accounting manipulation, undisclosed related party deals, sanctions evasion. SEC charged in 2020 for $200M+ improper revenue. Rehired execs involved in scandal. Pressure to meet quotas led to channel stuffing. Undisclosed investments in customers. Exports to Russia spiked 3x post-Ukraine invasion, violating bans.
Read full article (4 min)