Super Micro Computer Faces Setbacks Amid NVIDIA Order Fallout
Super Micro Computer (SMCI) is facing significant challenges as it deals with legal issues, potential delisting from Nasdaq, and the loss of major clients like NVIDIA and YTL Group. Allegations of financial impropriety and a preliminary DOJ investigation have led to a halt in its Malaysian factory expansion, affecting YTL's plans for a large AI data center. SMCI's troubles began with a report from Hindenburg Research detailing malpractices, and the company now has until November 16 to comply with Nasdaq's reporting requirements.