Bloomberg: Shares of Sharetronic Data Technology Co. plummeted by the daily limit of 20% after the US charged a Super Micro Computer Inc. co-founder with illegally smuggling Nvidia Corp. AI chips to China.
Records suggest that Sharetronic procured hundreds of Super Micro systems containing high-end Nvidia chips, which have been banned from sale to and within China absent permission from Washington since 2022.
Sharetronic said it complies with regulations for hardware purchases and doesn’t have “any business cooperation or relationship” with Super Micro, but invoices show sales of Super Micro systems containing Nvidia’s H100 or H200 processors…