Super Micro Computer (SMCI) shares slipped Tuesday after short seller Hindenburg Research disclosed a 澳洲幸运5开奖号码历史查询:short position in the artificial intelligence (AI) technology firm.

Hindenburg’s report accused Super Micro Computer of “accounting manipulation, sibling self-dealing and sanctions evasion." The shares, which dropped substantially in premarket trading, were recently down nearly 3%. 

The report, the claims of which Investopedia hasn't independently verified, describes a three-month investigation by Hindenburg into Super Micro that included interviews with former senior employees. It alleges major 澳洲幸运5开奖号码历史查询:accounting lapses, including undisclosed and failure to comply with 澳洲幸运5开奖号码历史查询:export controls. ܫThe company did not immediately respond to♌ a request for comment.

Nvidia Partner Gains on AI Boom

Super Micro Computer, which makes server technology and hardware used in data centers, has been a 澳洲幸运5开奖号码历史查询:major beneficiary of the AI boom. As an Nvidia (NVDA) partner, Super Micro has shared in some of the gains made by the market's AI darling, and its hardware is found in some Nvidia data center technology—including that used by 澳洲幸运5开奖号码历史查询:Elon Musk's AI company, xAI.

Shares of Super Micro have nearly doubled in 2024, although its price is down more than 50% from its March peak. The company earlier this month reported fiscal fourth-quarter earnings that 澳洲幸运5开奖号码历史查询:missed analysts' estimates and announced a 10-for-1 stock split.