SuperX AI (SUPX) Stock Plunges Amid Allegations of AI Washing -- Hagens Berman

Core Viewpoint - SuperX AI Technology Limited's shares fell over 24% following a report by J Capital Research, which accused the company of misleading investors about its AI capabilities and engaging in potentially fraudulent activities [1][4][5] Company Overview - SuperX AI Technology Limited was originally founded as an interior design company and has recently rebranded itself as an AI firm focusing on server design and software solutions [2] Allegations and Investigations - J Capital Research's report claims that SuperX AI's AI products are likely digitally altered images with plagiarized specifications, and that recent announcements regarding a $200 million "superfactory" and a "Japanese AI Supply Center" have shown no tangible progress [3][4] - The report suggests that the company's partnerships and acquisitions may involve undisclosed related parties and are described as "empty shells" [4] - Hagens Berman has initiated an investigation into whether SuperX AI misled investors regarding its business and products, focusing on allegations of securities fraud [5][6] Legal and Financial Implications - Hagens Berman is examining serious concerns raised in the J Capital report, including falsified product images and undisclosed related-party transactions, which could lead to accountability for investor losses [6]