Super Micro Computer (NASDAQ: SMCI) shares dropped 26.3% by 11:30 a.m. ET on August 28, 2024, following allegations of questionable accounting by short seller Hindenburg Research. In response, the company announced a delay in filing its annual 10-K report with the SEC to assess its internal financial controls. Despite the stock’s decline, Super Micro’s AI-driven business remains strong, positioning the company to capitalize on the growing AI market. The upcoming 10-for-1 stock split on October 1, 2024, could attract more investors. However, the uncertainties from the delayed filing and Hindenburg’s scrutiny increase the investment risk for potential buyers.