
Shares of Super Micro Computer (NASDAQ: SMCI) were caught in a dramatic downdraft on March 20, collapsing over 33% in a single trading session.
The move erased billions from Super Micro’s market capitalization and sent the stock to a new 52-week low on massive volume. The catalyst for the crisis of confidence was the unsealing of a U.S. indictment charging a company co-founder and two others with orchestrating a scheme to illegally export high-performance AI servers to China.