Super Micro Shares Under Pressure As Company Responds To Indictment

Super Micro Computer Inc (NASDAQ: SMCI) shares fell to a new 52-week low of $21.80, down 29.20%, following a Justice Department indictment related to alleged illegal exports of AI server technology to China. The indictment involves three individuals, including co-founder Yih-Shyan 'Wally' Liaw, while the company itself is not named as a defendant. Super Micro has placed Liaw and another employee on leave, cut ties with a contractor, and is cooperating with investigators.