Super Micro Computer Sentiment Plummets to 12 After Co-Founder Charged in $2.5 Billion Chip Smuggling Scheme

Super Micro Computer's shares crashed 27% to $22.39 after federal prosecutors charged co-founder Yih-Shyan Liaw with conspiring to smuggle $2.5 billion worth of servers to China. The charges triggered a $6.1 billion market value loss despite the company's recent quarterly revenue doubling to $12.7 billion. Analysts' average price target is $36, but investor confidence has been fractured due to criminal charges, a shareholder securities fraud lawsuit, and prior SEC violations.