SMCI DROP
Super Micro Computer (SMCI) is currently under scrutiny as it faces multiple probes and class-action lawsuits. These legal issues primarily stem from allegations of accounting manipulation and concerns over corporate governance. The investigation has been sparked by a report from Hindenburg Research, which raised serious questions about the company's financial reporting, including accusations of overstating sales, understating expenses, and engaging in "round-tripping" practices to inflate revenues
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