The biggest issues for SMCI have been related to its corporate governance standards and this has been responsible for much of the sell-off over the past year.

Short-seller Hindenburg Research has officially closed its doors, marking the end of an era that shook markets globally. Founded by Nate Anderson in 2017, the firm gained notoriety for exposing fraud at companies like Nikola (NKLA),

While the stock market’s attention has centered around the technology sector, with a special focus on today's artificial intelligence developments, certain stocks have gotten an unfair share of the price action and favor.

This was the stock's fifth consecutive day of losses.