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Closing Bell: Super Micro Plunges, Dell Rises, Arm Gains
Published 1 month, 1 week ago
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
-Super Micro Computer (SMCI) shares shares plunged after the U.S. government charged a co-founder of the company and two other individuals with involvement in a plan to divert U.S.-assembled servers to China in a violation of export-control laws.
-Dell (DELL) stocks rose after the Justice Department charged three individuals associated with Super Micro Computer, Dell's arch-rival, for allegedly skirting export-control laws by diverting $2.5 billion worth of U.S.-assembled servers to China.
- ARM Holdings ADRs are up 2% in premarket trading, after HSBC upgraded the chip-design company to buy from reduce.
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