Super Micro Shares Fall 5% as DOJ Probes Possible China Diversion

Super Micro Computer shares fell about 5% Thursday as the Justice Department examined whether entities connected to Alice Huang helped smuggle the server maker’s products into China.

Shares traded near $28.80. The U.S. attorney’s office in Manhattan is leading the inquiry. The Justice Department is also examining Megaspeed International, Huang’s former company, which has denied wrongdoing.

Separately, Manhattan prosecutors charged Super Micro co-founder Yih-Shyan “Wally” Liaw and two others in March in a case alleging a plan to ship Nvidia-powered servers through an unnamed Southeast Asian company to Chinese customers. Liaw pleaded not guilty and no longer works at Super Micro. The company was not named as a defendant in that case and says it is cooperating.

On Nov. 3, Super Micro reported fiscal first-quarter earnings of $1.81 per share and $19.95 billion in revenue, up about 297% from a year earlier. The results topped analysts’ expectations of $1.23 per share and $16.39 billion in revenue. The company raised its fiscal 2027 revenue forecast to $72 billion to $82 billion; analysts had expected $69.17 billion.