SMCI Drops 28% After Co-founder Caught Red-Handed with Nvidia’s Chips

SMCI Drops 28% After Co-founder Caught Red-Handed with Nvidia’s Chips - Moby BREAKING NEWS Super Micro Computer (SMCI) is down 27% Friday after news broke that one of the AI hardware company’s co-founders, Yih-Shyan "Wally" Liaw, and two others had been arrested for allegedly "conspiring to sell billions of dollars’ worth of AI tech to China." These components, assembled in the U.S., reportedly contained servers with Nvidia AI chips to be sold to buyers by “faking documents and using dummy equipment to ...