Mar. 20 at 4:52 PM
Super Micro Computer shares tumbled over 25% after a cofounder, a board member, and a contractor were charged with smuggling Nvidia chips to China. The company itself is not named as a defendant. Analysts say this disruption creates a major opportunity for Dell Technologies, whose shares jumped 4.5%, as well as other AI server suppliers like Cisco and Hewlett Packard Enterprise. Dell is likely to capture business from large non-hyperscale AI customers, benefiting from its strong Nvidia relationships. This follows prior Super Micro setbacks, including management turnover and accounting issues, amplifying Dell’s potential gains.
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