Short selling institution Hindenburg targets AMD! The new darling of technology has been exposed for multiple violations, including accounting manipulation
因醉鞭名马幌
发表于 2024-8-28 11:19:05
159
0
0
Short selling institution Hindenburg has found a new 'prey'. On Tuesday, the research institution announced that it will short server equipment manufacturer Supermicro Computer, which is popular in the investment industry due to the boom in artificial intelligence.
Hindenburg pointed out in a report that investigations have found significant accounting manipulation, undisclosed related party transactions, evasion of sanctions and regulations, and other issues with Supermicro computers.
In 2020, Supermicro Computer was fined by the US Securities and Exchange Commission, admitting to accounting and disclosure misconduct in the 2014-2017 fiscal year and promising not to violate regulations again in the future. This also leads some observers to believe that Hindenburg's criticism of supercomputers is not unfounded.
On Tuesday, the stock price of Supermicro Computer fell by 8.7% at one point, and the decline narrowed to 2.6% at the close. A spokesperson for Supermicro Computer stated that they will not comment on false rumors and speculations.
Despite Supermicro's firm stance, the industry believes that Hindenburg's report will lead to stricter scrutiny by regulatory authorities and increased attention to Supermicro's customers, as it is currently a sensitive moment for the United States to upgrade restrictions on overseas sales of artificial intelligence.
There are problems everywhere
Supermicro Computer specializes in high-performance servers for data centers, and this business is thriving with the increasing demand for artificial intelligence, driving revenue growth for supercomputers.
In the fiscal year ending in June this year, the revenue of Supermicro Computer more than doubled to $14.9 billion. The company also expects its revenue to double again this fiscal year, reaching $28 billion. This performance news also boosted the stock price of Supermicro Computer.
Since the beginning of this year, the company's stock price has risen by over 90%. Since 2019, the stock price of Supermicro Computer has risen by an average of at least 30% annually, with an increase of 250% last year. The soaring market value and optimistic outlook also drove Supermicro Computer to be included in the S&P 500 index in March.
However, in Hindenburg's view, the hustle and bustle of supercomputers is clearly a scene of burning oil, and it is difficult to last long. According to Hindenburg, almost all of the executives who resigned from AMD in 2020 due to a scandal subsequently returned to the company, which is also the root cause of AMD's inability to improve its business practices.
According to former employees and clients of Supermicro, even after reaching a settlement with the US Securities and Exchange Commission, performance pressure still forces salespeople to deliver through means such as passing off inferior products or intentionally missing them. Hindenburg described the company as a habitual offender.
The issues pointed out in this report are likely to have a significant impact on the market share of AMD and lead to its competitors, such as HP and Dell, overtaking each other. At the same time, the troubles of AMD computers may also affect their customers and suppliers, such as Tesla, which purchases servers entirely from AMD.
Investors are still watching the impact of the Hindenburg report, but its impressive historical record, such as crushing Indian tycoon Adani and hitting the entire Indian stock market, may indicate that Supermicro Computer will find it difficult to escape unscathed this time.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Yihang Intelligence responds to the Hindenburg short selling report by firmly denying allegations that the company misled investors in terms of orders and sales
- Yihang Intelligence responds to the Hindenburg short selling report by firmly denying allegations that the company misled investors in terms of orders and sales
- The 'flying in the air' suddenly went short! Emergency response
- The AI wind vane supercomputer has turned off! The stock price has entered a continuous decline mode
- Trump goes public again and makes a fortune! Fans take over the shares and investors make a large proportion of short selling
- Last night it exploded! Chinese assets soar! Supermicro computers and Airbnb experienced a significant drop after the market closed
- Top 20 US Stock Transactions: Super Micro Computer's Performance Does Not Meet Standards, Stock Price Falls More Than 20%
- AMD's performance falls short of expectations, industry reports AI chip technology is facing diversified development
- After being shorted by Hindenburg, the performance report was postponed and the stock price of Supermicro Computer plummeted by 26%
- AI demon stock "raises concerns about financial risks of AMD computers, deeply tied to NVIDIA
-
9月が終わり、映画・テレビ業界が暗躍している。最近、愛奇芸の創始者でCEOのGONG宇氏は、映画・テレビ業界が長短の変化、AIの変化、中国映画・テレビドラマの海外進出の変化の3つの変化を経験していると発表した。 ...
- 寒郁轩良
- 8 小时前
- 支持
- 反对
- 回复
- 收藏
-
8月のトヨタ自動車(ダイハツ自動車と日野自動車を除く、レクサスを含む)の世界生産台数は前年同月比11.2%減の709571台、世界販売台数は前年同月比3.1%減の826863台だった。 日本本土市場では、トヨタ自動車の8月 ...
- SOGO
- 前天 18:03
- 支持
- 反对
- 回复
- 收藏
-
ネットワーク状況監視サイトDownDetectorによると、オーディオストリーミングプラットフォームSpotifyは日曜日に約3時間にわたる障害を経験した後、正常に回復し、ピーク時には米国の4万人以上のユーザーに影響を与 ...
- hecgdge4
- 12 小时前
- 支持
- 反对
- 回复
- 收藏
-
百済神州(688235.SH)はA株の有名な革新薬企業で、2017-2024年上半期、同社の各期の研究開発投資はA株の化学製薬会社(申万二級)の中で最も高く、研究開発費用は合計600億元を超えた。 しかし、百済神州にとって ...
- wylz8473
- 昨天 18:36
- 支持
- 反对
- 回复
- 收藏