US Stock Market Move | Super Micro Computer, Inc. (SMCI.US) fell by almost 17% as the company faces a investigation by the US Department of Justice.

On Thursday, the Department of Justice in the United States launched an investigation into Super Micro Computer, Inc. (SMCI.US). The company had previously denied a report by the Hedge Fund that accused them of wrongdoing. This news caused Super Micro Computer, Inc. to plummet in the short term, dropping by 4.76% and temporarily halting trading due to excessive volatility. When Super Micro Computer, Inc. (SMCI) resumed trading, the drop expanded to almost 17%. At the time of writing, the company's stock had fallen by 12%, reaching $404.83. In addition, the Nasdaq index, the Philadelphia Semiconductor index, and NVIDIA Corporation (NVDA.US) were also negatively affected, experiencing adjustments after the market opened.