Why Super Micro Computer Rallied Today
Shares of Super Micro Computer (NASDAQ: SMCI) rallied 10.3% on Thursday as of 1:26 p.m. EDT.
Super Micro has been a controversial stock this year. In March, two employees -- one of whom was Super Micro's co-founder and a board member -- as well as a contractor in Taiwan, were charged with smuggling embargoed AI servers to China through third-party distributors in Taiwan.
Super Micro was not charged, and noted that it had helped authorities in their investigation; however, the scandal involving employees and board members certainly cast a pall over Super Micro's stock.
Source Fool.com
