Super Micro sinks as DOJ probes possible China smuggling links to Nvidia fallout

What happened: Super Micro Computer shares fell 12% after Bloomberg reported the U.S. Justice Department is investigating whether entities linked to Alice Huang were involved in efforts to smuggle Super Micro products into China. Key numbers: Shares fell 12%. Why it matters: The previously unreported scrutiny, led by the U.S. attorney's office in Manhattan, adds to existing DOJ investigations involving Megaspeed and a criminal case against Super Micro's co-founder. Super Micro was not named as a defendant and has said it is cooperating. Market: -4.8% today ($165.43), -12.3% YTD, 3.6x vol — as of 18:32 UTC

Super Micro Computer shares fell 12% after Bloomberg reported the U.S. Justice Department is investigating whether entities linked to Alice Huang were involved in efforts to smuggle Super Micro products into China.

The previously unreported scrutiny, led by the U.S. attorney's office in Manhattan, adds to existing DOJ investigations involving Megaspeed and a criminal case against Super Micro's co-founder. Super Micro was not named as a defendant and has said it is cooperating. Market: -4.8% today ($165.43), -12.3% YTD, 3.6x vol — as of 18:32 UTC