Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
According to an in-depth report from The Wall Street Journal, the DOJ is probing Super Micro Computer based on concerns raised by a report from Hindenburg Research. A U.S. Attorney’s Office prosecutor in San Francisco is reportedly gathering information as part of the early-stage investigation.
Whistleblower Lawsuit Raises Revenue Concerns
The inquiry is linked to a lawsuit filed by Bob Luong, a former Super Micro employee, alleging accounting violations, as supported by this article from Reuters. The suit claims the company improperly recognized revenue between 2020 and 2022, including booking incomplete sales and shipping unfinished equipment.
Stock Value Impacted Amid AI Market Boom and Decline
Pexels from Pixabay
Super Micro, known for producing AI servers using Nvidia chips, saw its stock value peak at $66 billion earlier this year before declining. The WSJ report about the DOJ investigation caused SMCI shares to drop by 12% on Thursday.
Hindenburg's Report Highlights Potential Conflicts and Sanction Issues
Hindenburg’s report also pointed to transactions involving CEO Charles Liang's family-owned companies and shipments to Russian firms that could violate U.S. sanctions. According to CNBC, Super Micro delayed its annual filing and formed a review committee in response.
cliffsmith23 from pixabay
Company Defends Itself Against Allegations
In a letter to customers dated September 3, CEO Liang denied the claims made in the Hindenburg report, calling them "false or inaccurate." Meanwhile, Super Micro is seeking to move the whistleblower lawsuit to arbitration, with a court hearing scheduled soon.
