TradingKey – Super Micro Computer (NASDAQ: SMCI) now trades at $28.66, forming a potential double bottom after slipping from $42.31 earlier this year and dropping nearly 40.8% in the last 12 months. The stock tanked 8.1% on June 29 after Bloomberg said that Taiwan investigators raided Super Micro Computer Taiwan offices as part of a widening probe into alleged smuggling of Nvidia AI chips to China.

That adds to a messy picture that already has Super Micro reporting fiscal Q3 2026 revenue of $10.2 billion, up 123% from the year-earlier period but missing a $12.33 billion Street estimate by about 17.7%. Earnings per share were 35% ahead of estimates. It has a $39 billion AI server backlog, and Super Micro raised more than $7 billion in…