TLDR Super Micro stock traded near $28.80, down about 5%, after a Bloomberg report on a DOJ probe. Investigators are checking whether entities tied to Alice Huang helped smuggle Super Micro p
Super Micro Computer (SMCI) stock traded near $28.80 on Thursday, down about 5%. Earlier reports put the drop as deep as 12%.
Super Micro Computer, Inc., SMCI
The trigger was a Bloomberg report on a new Justice Department probe. Investigators want to know if entities linked to Alice Huang helped smuggle Super Micro products into China.
The US attorney’s office in Manhattan is leading the effort, according to a person familiar with the matter. It is not yet clear whether the probe connects to existing chip-smuggling cases.
BREAKING: The DOJ is probing Alice Huang, the woman suspected as a spy targeting Jensen Huang, over whether she was involved in smuggling products made by Super Micro Computer, $SMCI, to China, per Bloomberg
SMCI’s stock extends losses to -14% on the day. pic.twitter.com/aj9zXBYy4P
— The Kobeissi Letter (@KobeissiLetter) November 12, 2026
US officials suspect Alice Huang of potentially targeting Jensen Huang, the former Nvidia CEO. The DOJ is also looking into her former company, Megaspeed International, over suspected chip smuggling.
Megaspeed has denied wrongdoing.
The probe overlaps with a criminal case against Super Micro co-founder Yih-Shyan “Wally” Liaw. Manhattan prosecutors charged him in March, along with two others.
They allege a plan to ship Nvidia-powered servers to an unnamed Southeast Asian company. From there, the servers were allegedly diverted to Chinese customers.
Liaw pleaded not guilty and is no longer with Super Micro. The company was not named as a defendant and says it is cooperating.
Semafor separately reported that the DOJ has several probes that could reach Nvidia. One is an antitrust inquiry into the chipmaker, while others involve Megaspeed and Super Micro.
Nvidia stock was down about 5% at $164.32 after Jensen Huang’s exit. Colette Kress is interim CEO, and Harvey C. Jones is the company’s first board chair.
There is no sign that prosecutors plan to charge Nvidia or Jensen Huang. Alice Huang’s exact role, if any, in the alleged smuggling is also unclear.
Super Micro reported fiscal first-quarter results on Nov. 3. Earnings came in at $1.81 per share, well above the $1.23 analysts expected.
Revenue jumped about 297% from a year ago to $19.95 billion. Wall Street had looked for $16.39 billion.
The company lifted its fiscal 2027 revenue forecast to a range of $72 billion to $82 billion. Analysts had expected $69.17 billion.
Analyst views are split. Rosenblatt keeps a Buy rating with a $57 target, while Bank of America has an Underperform rating with a $39 target.
The stock now trades below its 20-, 50-, 100- and 200-day moving averages. MACD sits below its signal line, which points to weak momentum.
Traders are watching resistance near $32.50 and support around $25.50. Super Micro was down 5.34% at $28.80 at the time of Benzinga’s report on Thursday.
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