Super Micro Gets Swept Up in Spreading Nvidia Scandal. Says Megaspeed Was “Never a Customer” Rich Duprey Sat, November 14, 2026 at 11:32 AM EST 4 min read SMCI -2.55% NVDA -3.12% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Super Micro denies Megaspeed was ever a customer, yet Manhattan prosecutors reportedly probe whether Super Micro servers with NVIDIA GPUs reached China; neither company is charged.
Singapore reports only "limited cooperation" from Super Micro, which claims it "has been responsive to inquiries and has fully cooperated" with authorities.
Co-founder Wally Liaw faces trial in March 2027 over about $2 billion in allegedly smuggled servers, while Super Micro says it was a victim.
Building a portfolio and living off one are two completely different skills, and almost nobody teaches the second. This problem is what The Definitive Guide to Retirement Income helps, and it is free today. Read more here. (Sponsor)
Super Micro Computer (NASDAQ:SMCI) is now answering questions tied to the Megaspeed export-control scandal that has also drawn examination to NVIDIA (NASDAQ:NVDA). The company denies any customer relationship. "Megaspeed is not, and has never been, a Supermicro customer," a Super Micro spokesperson told Fortune on November 13.
The denial matters because Super Micro builds the servers that carry NVIDIA's GPUs. The U.S. Attorney's Office in Manhattan is reportedly examining whether entities linked to Alice Huang, a former top Megaspeed executive, helped smuggle Super Micro hardware with NVIDIA GPUs into China, according to Fortune. Super Micro and NVIDIA both remain uncharged.
The company said it "has been responsive to inquiries and has fully cooperated with U.S. and Taiwanese officials, while also voluntarily providing information and engaging with all requests from Singapore authorities to date." Singapore's Ministry of Home Affairs said it received only "limited cooperation" and first raised the matter with U.S. authorities on July 7, 2025.
Shares closed at $26.865, down 6.07% over the past week and 23.44% over the past month. NVIDIA fell 12.75% in a week to $162.85.
Many successful investors eventually reach the same moment. The saving is done, the portfolio is built, and the question quietly changes from how much can I grow this to how much can I take out? Get that second question wrong and decades of good investing can come apart in a handful of years.
That is exactly what The Definitive Guide to Retirement Income helps answer. It covers what your retirement could actually cost, which income sources are worth using, and the withdrawal math that decides whether the money lasts. It is free today from Fisher Investments. Read More Here ›
In March, Super Micro co-founder Yih-Shyan "Wally" Liaw and two others were charged with allegedly routing about $2.5 billion in servers with NVIDIA H200 and B200 GPUs into China through a Southeast Asian front company. Liaw pleaded not guilty, and his trial is set for March 2027. Super Micro says it was a victim and that an internal investigation found no evidence current senior management knew of the scheme. That case is separate from the Manhattan inquiry.
Super Micro's own earnings release already warned that its board is conducting an independent review of certain export-control transactions that "could affect financial results."
Liang's most recent public framing came with fiscal Q4 2026 results: "We added several hundred enterprise and other customers in the past year, generated more than $60 billion in new orders, and booked record backlog entering fiscal 2027."
The numbers backed part of that. GAAP gross margin expanded to 17.5% from 9.5% a year earlier, and non-GAAP EPS of $1.70 exceeded the $0.9575 consensus. Revenue of $11.12 billion rose 93.16% year over year but missed the $11.56 billion estimate.
Liang credited "a richer enterprise customer mix" and "continued investment in technology leadership, manufacturing scale, and global compliance." That compliance line now carries the most weight. A broad customer base reduces concentration risk, but Super Micro's growth depends on steady access to NVIDIA GPUs and on customers trusting its export controls.
The stock trades at roughly 5 times forward earnings, a multiple that already reflects heavy doubt. Key markers ahead include any findings from the Manhattan inquiry, new regulatory filings, updates from the board's export-control review and any change to financial guidance. Super Micro's denial addresses Megaspeed as a direct customer. Whether its hardware reached China through other channels is the question investigators still have to answer.
(Sponsor) Most people spend their entire working lives focusing on one thing: growing a pile of money. Then they retire and discover the skill they actually need is close to the opposite. Turning that pile into steady income, year after year, through good markets and bad, without ever running out.
It may be the least discussed and most consequential transition in personal finance, and plenty of otherwise careful investors walk into it with no real plan. That is exactly what The Definitive Guide to Retirement Income helps answer. It is a free guide from Fisher Investments covering what your retirement will really cost, where the cash flow should come from, and how much you can safely withdraw each year. Learn more here. Learn More Here ›
Contact editorial@247wallst.com for any questions or corrections.
