Super Micro Stock Crashes 33% as DOJ Charges Co-Founder in China AI Server Smuggling Case
Super Micro Computer shares plunged 33.2% to $20.53 after U.S. prosecutors charged co-founder Yih-Shyan “Wally” Liaw and two others with illegally diverting $2.5 billion in AI servers to China. Liaw resigned from the board, and the company said it was not a defendant and had cooperated with investigators. Rival Dell rose 0.8%. Super Micro named DeAnna Luna as acting chief compliance officer.