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Super Micro shares rise 5% despite co-founder indictment; analyst warns of flat growth ahead

Analyst Insights
23 Mar 2026
Market Watch
View Source
Bearish
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Shares of Super Micro Computer rose 5% after co-founder Wally Liaw was indicted for alleged export-control violations. Although the company is not named in the indictment and has taken steps to distance itself from Liaw, analyst Nehal Chokshi downgraded the stock to market perform and cut the price target from $63 to $22. The analyst expressed concerns that the scandal could impact customer trust and lead to flat growth for the company going forward.

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