BUZZ-Super Micro Computer falls after report says company offices raided in Taiwan

NVIDIA Corporation
Super Micro Computer, Inc.

NVIDIA Corporation

NVDA

0.00

Super Micro Computer, Inc.

SMCI

0.00

** Shares of AI server maker Super Micro Computer SMCI.O fall 7.3% to $28.38 in afternoon trading

** SMCI's offices in Taiwan were raided by government authorities, widening an investigation into the alleged smuggling of Nvidia NVDA.O chips into China using the company’s servers, Bloomberg News reports

** Local investigators raided the residences of six individuals and the sites of three affiliated companies - report

** Super Micro did not immediately respond to a Reuters request for comment

** Up to last close, stock up ~5% this year