Supermicro (SMCI) is down 10.73% at $27.16 in Thursday's session as Benzinga reported the company could face scrutiny from the U.S. Department of Justice (DOJ). The decline came alongside StreetInsider's report that Nvidia's sudden leadership change added further pressure on the stock.
| Measure | Value |
|---|---|
| Price | $27.16 |
| Change from the prior close | -10.73% |
| Prior close | $30.43 |
| Today's range | $25.71 – $29.00 |
| 52-week range | $19.48 – $51.40 |
| Market value | $17.91 billion |
Source: Stock quote during the regular session · as of November 12, 2026 at 2:15 PM ET
What was reported
Benzinga reported that Supermicro shares fell after a separate report from Semafor indicated the company might be facing a potential Department of Justice investigation, though details of the inquiry were not specified.
StreetInsider reported that Supermicro's heavy dependence on Nvidia chips left it exposed following Nvidia's leadership shakeup, and that investors were weighing whether tighter congressional scrutiny of chip export rules could affect demand across the sector. The outlet also noted that a former Supermicro contractor had pleaded guilty to charges tied to the unauthorized rerouting of Nvidia-powered servers to China, and that Susquehanna analyst Mehdi Hosseini maintained a bearish stance on the stock while setting his price target at $18.
Benzinga separately reported that Nvidia announced the immediate resignation of chief executive Jensen Huang, with chief financial officer Colette Kress stepping in as interim chief executive and Harvey C. Jones named the company's first board chair. The outlet said the abrupt change, combined with existing export-control concerns, raised questions about stability in the artificial intelligence hardware market, and noted that Supermicro shares were trading below several short-term moving averages, a technical measure of recent price trends.
Traders on X were discussing the DOJ inquiry reports alongside broader worries about export restrictions affecting artificial intelligence infrastructure companies, treating the combination as the explanation circulating for the sell-off. Posts referencing company statements about cooperating with regulators in the United States, Taiwan and Singapore were also being shared as signs of continued scrutiny rather than confirmed findings.
Its suppliers and customers
Among Supermicro's listed suppliers, Intel is down 0.72% and Nvidia is down 5.28% today, while Advanced Micro Devices is up 5.31% and Broadcom is up 5.58%. Ablecom, Compuware, a separately listed AMD entity, and Credit Agricole Corporate and Investment Bank's Taipei branch are also named as suppliers in company filings but have no quote available today. These moves are not evidence of any connection to Supermicro's share price action.
| Company | Role | Stock | Today |
|---|---|---|---|
| Intel | Supplier | INTC | -0.72% |
| NVIDIA | Supplier | NVDA | -5.28% |
| Advanced Micro Devices | Supplier | AMD | +5.31% |
| Broadcom | Supplier | AVGO | +5.58% |
| Ablecom | Supplier | Not listed | — |
| Compuware | Supplier | Not listed | — |
| AMD | Supplier | Not listed | — |
| Credit Agricole Corporate and Investment Bank, Taipei Branch | Supplier | Not listed | — |
Source: Relationships named in company filings (SEC 10-K annual report; Earnings call transcript; SEC 8-K current report); stock quotes · as of November 12, 2026 at 2:15 PM ET · A supplier or customer moving the same day is not evidence that one move caused the other.