Core Viewpoint - Super X AI Technology Limited (SUPX) is accused by J Capital Research of fabricating its AI infrastructure claims, leading to a significant drop in its stock price by 27% on September 5, 2025 [1][4]. Company Overview - Super X, previously known as Junee Limited, rebranded from an interior-design company to an AI infrastructure solutions provider in June 2025 [3]. - The company allegedly lacks the necessary expertise and assets to develop AI infrastructure, as claimed in the report by J Capital Research [1][3]. Allegations and Investigations - J Capital Research's report suggests that Super X's AI products may be digitally altered images plagiarized from other companies [3]. - The report also claims that Super X's partnership with PanaAI, announced in August 2024, is questionable, as PanaAI is described as an empty shell without the capability to build an AI supercomputing center [3]. - Gibbs Mura is investigating a potential securities class action lawsuit on behalf of investors who may have suffered losses due to these allegations [1][2][7]. Management Concerns - The report highlights a history of fraud-related issues among Super X's management, including the recently terminated CEO Howard Tang, whose previous company faced regulatory scrutiny for ignoring fraud [4].
Super X AI Technology Limited (SUPX) Accused by J Capital Research of Faking AI Infrastructure; Investors Urged to Contact Award-Winning Firm, Gibbs Mura
Businesswire·2025-09-06 01:25