Super Micro (SMCI) shares fell 5.5% in the afternoon session after reports that a former contractor, Ting-Wei Sun, pleaded guilty to conspiring with a co-founder to illegally export restricted AI technology to China. Prosecutors allege a scheme starting around October 2023 to send about $2.5 billion of U.S. AI servers to China without licenses, and co-founder Yih-Shyan Liaw has pleaded not guilty. The article also notes the company is still working through a $7 billion equity offering, and the drop coincided with wider selling in AI stocks after questions about OpenAI's revenue figures. The shares, at $39.30, remain 28.6% below their 52-week high of $55.04 from October 2025.
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