US Justice Department Investigating Super Micro Computer, WSJ Reports

(Reuters) – The U.S. Justice Department is investigating Super Micro Computer, the Wall Street Journal reported on Thursday, citing sources familiar with the matter, sending shares of the AI ​​server maker plummeting.

Super Micro Computer earlier this month denied allegations in a report from short-seller Hindenburg Research, saying the report contained “false or inaccurate statements” about the server maker.

Hindenburg disclosed in August that he had a short position in Super Micro and alleged “accounting manipulation” at the company, citing evidence of undisclosed related-party transactions and failure to comply with export controls, among other allegations.

Super Micro did not immediately respond to a Reuters request for comment.

(Reporting by Akash Sriram in Bengaluru; Editing by Shreya Biswas)