DOJ Charges Spark 12% After-Hours Plunge In Super Micro Stock (SMCI) Over Alleged Illegal AI Exports To China

On Thursday, shares of Super Micro Computer Inc. (NASDAQ:SMCI) fell about 11.85% after hours to $27.14, according to Benzinga Pro.
DOJ Charges Spark Sell-Off In AI Server Stock
The decline followed an announcement from the U.S. Department of Justice that three individuals were charged in an alleged scheme to unlawfully export artificial intelligence technology to China.
The individuals included the co-founder of the company, Yih-Shyan “Wally” Liaw, Ruei-Tsang “Steven” Chang, a sales manager in Taiwan and Ting-Wei “Willy” Sun, a contractor
They "conspired to sell billions of dollars' worth of servers integrating sensitive, controlled graphic processing units to buyers in China, in violation of U.S. export control laws," stated assistant director Roman Rozhavsky of the FBI's Counterintellige