US Stock Market Move | Super Micro Computer, Inc. (SMCI.US) plummeted over 28% as co-founder faces illegal export charges.

On Friday, Super Micro Computer, Inc. (SMCI.US) plunged more than 28%, closing at $22.12. In terms of news, it was reported that Super Micro Computer, Inc. was recently involved in a smuggling case violating U.S. export controls. The U.S. Southern District of New York federal prosecutor's office has filed charges against the company's co-founders and two others for conspiring to evade export controls and smuggle AI servers. The FBI stated that the case involves billions of dollars in AI product transactions, posing a threat to national security. Currently, two of the co-founders have been arrested. Super Micro Computer, Inc. stated that they have suspended the involved individuals and terminated cooperation, enhanced compliance mechanisms, and will cooperate with the investigation.