Shares of Super Micro Computer ended Tuesday's trading session nearly 3% lower after Hindenburg Research alleged that the AI server maker had engaged in 'accounting manipulation.' At the same time, Hindenburg also disclosed a short position in the company. But in a Tuesday report, JPMorgan said that the Hindenburg report had provided 'limited evidence of accounting mistreatments.
' 'Net-net, we see the report as largely void of details around alleged wrong doings from the company that change the medium-term outlook, and largely revisiting the already known areas for improvement in relation to corporate governance and transparency,' JPMorgan wrote.
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