Hupzy (Spot On Chain)|Jun 29, 2026 18:24
โ ๏ธ Super Micro Computer (SMCI) fell over ๐ต% after Taiwan authorities raided its office as part of an expanded ๐ฐ๐ต๐ถ๐ฝ ๐๐บ๐๐ด๐ด๐น๐ถ๐ป๐ด ๐ถ๐ป๐๐ฒ๐๐๐ถ๐ด๐ฎ๐๐ถ๐ผ๐ป โ adding to the company's prior accounting scandal and Deloitte resignation that nearly triggered a delisting in 2024.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: SMCI is a major AI infrastructure player whose servers power data centers and mining operations. A chip smuggling probe raises two risks: supply chain disruption for AI compute, which supports the GPU scarcity narrative benefiting crypto miners with existing hardware; and broader risk-off spillover from AI-adjacent tech names that have led the market. The -9% move is large enough to trigger margin calls in tech-heavy portfolios.
For BTC, watch whether this stays isolated to SMCI or spreads to broader semiconductor weakness โ crypto's correlation to tech means any AI/semis selloff bleeds into risk sentiment.
source: KobeissiLetter
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