Super Micro shares fall 23% on filing delay, Hindenburg Research report#shorts

super micro computer shares nose dived over 23% after the company delayed filing its annual report with the US Securities and Exchange Commission the company cited the need for more time to assess its internal Financial controls this news shook investors especially following a report from Hindenberg research which revealed a short position in the company and alleged fresh evidence of accounting manipulation while hindenburg's claims Remain unverified the stock which had been up 47% this year took a significant hit JP Morgan analysts noted that some of the allegations are hard to substantiate but they also emphasized that super micro needs to improve its transparency and communication with investors particularly given its rapid growth in the AI server Market as the story unfolds all eyes will be on super micro's next moves