Recently, the stock price of Supermicro Computer has plummeted due to the resignation of its auditor and financial crisis, and there are rumors in the market that it will soon be delisted, causing concerns from multiple parties. And the supercomputer has always been regarded as a solid partner of Nvidia, and its fate undoubtedly attracts great attention from industry insiders.
But according to reports, Nvidia seems to have made up its mind to remove the hidden dangers related to AMD computers and redistribute orders that originally belonged to AMD computers to other suppliers to curb possible chaos.
According to reports, competitors of AMD, such as Gigabyte and ASRock, unexpectedly received a large number of customer inquiries as a result, and have all raised their revenue and shipment volumes for the fourth quarter and the whole year. According to supply chain sources, Gigabyte and ASRock have signed contracts with major clients such as CoreWeave.
Gigabyte stated in its financial report that the company is accelerating the deployment of liquid cooling technology to complement Nvidia's rapid growth. At the same time, ASRock Technology was rumored to have received transfer orders from ultra small and medium-sized customers, setting a third quarter revenue record.
Supply chain chaos
At the end of August, the well-known short selling institution Hindenburg released a short selling report on AMD, which raised concerns about the company's financial statements. One day later, Supermicro announced that it would postpone the submission of its annual 10-K report, but insisted that there would be no significant changes for the 2024 fiscal year.
However, last week, Ernst&Young, the auditing firm of Supermicro Computer, announced its resignation and will no longer be responsible for the company's financial reports, citing that the accuracy of the company's financial statements is no longer reliable. According to regulations, if a supercomputer fails to submit its financial report before November 20th, it may face severe penalties such as delisting.
Last week, the stock price of Supermicro Computer also plummeted due to this, with a drop of over 45%. If the current revelation of Nvidia's order transfer is true, it will undoubtedly add insult to injury to AMD's predicament.
Previously, Supermicro Computer had invited Nvidia CEO Huang Renxun to attend its COMPUTEX conference for two consecutive years, and the two companies had a deep brotherly bond. And Nvidia's endorsement has also helped Supermicro Computer's performance and stock price soar in the past year and a half, making it one of the core stocks of AI concept in the investment market.
However, with the passage of time, Supermicro has now become the biggest "landmine" in the semiconductor industry. And this thunder has already affected affiliated companies Litai, DaXun, and Kenwei.
Litai produces products such as GeForce graphics cards and NVIDIA RTX graphics cards. DaXun and Kenwei respectively specialize in cloud server chassis and power supplies, and the leaders of these two companies are biological brothers with Liang Jianhou, the chairman of Supermicro Computer. DaXun and Kenwei invested in Litai in April this year, incorporating it into the power map of Supermicro Computer.
At present, the industry is unable to determine to what extent the impact of the supercomputer incident will spread, but almost everyone is starting to be cautious and trying to control this risk.