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
215
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
- 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
- The stock price of "AI demon stock" Supermicro Computer plummeted due to financial fraud scandal
- Supermicro Computer's US stock rose 40% after closing, as it submitted a compliance plan to NASDAQ
- Top 20 US Stock Exchange Transactions: Supermicro Computer Surges Over 30%, Companies Submit Compliance Plans
-
11月21日、2024世界インターネット大会烏鎮サミットで、創業者、CEOの周源氏が大会デジタル教育フォーラムとインターネット企業家フォーラムでそれぞれ講演、発言したことを知っている。周源氏によると、デジタル教 ...
- 不正经的工程师
- 昨天 16:36
- 支持
- 反对
- 回复
- 收藏
-
スターバックスが中国事業の株式売却の可能性を検討していることが明らかになった。 11月21日、外国メディアによると、スターバックスは中国事業の株式売却を検討している。関係者によると、スターバックスは中国事 ...
- 献世八宝掌
- 前天 16:29
- 支持
- 反对
- 回复
- 收藏
-
【意法半導体CEO:中国市場は非常に重要で華虹と協力を展開】北京時間11月21日、意法半導体(STM.N)は投資家活動の現場で、同社が中国ウェハー代工場の華虹公司(688347.SH)と協力していると発表した。伊仏半導体 ...
- 黄俊琼
- 前天 14:29
- 支持
- 反对
- 回复
- 收藏
-
【ナスダック中国金龍指数は1%下落した。人気の中概株の多くは下落した】現地時間11月21日、ナスダック中国金龍指数は1%下落し、人気の中概株の多くは下落し、必死に10%超下落し、愛奇芸は7%超下落し、百度は6%近く ...
- 比尔992
- 昨天 11:57
- 支持
- 反对
- 回复
- 收藏