Super Micro Computer's (SMCI) 33% single-day collapse left a trail of destruction across its options chain — but the data tells a more nuanced story than it might first appear. Super Micro Computer shares closed at $20.

Super Micro Computer (NASDAQ:SMCI | SMCI Price Prediction) stock plummeted 27% in Friday morning trading after federal prosecutors charged three company associates, including a co-founder, with illegally smuggling AI servers to China.

Shares of Super Micro plunging after U.S. Attorneys charge 3 company employees with smuggling NVIDIA chips to China. The Investment Committee debate the story and what it could mean for some of Super Micro's competitors.

The unfolding events at Super Micro Computer reveal deep tensions in the AI hardware supply chain. Dell’s established scale and customer trust appear set to play a larger role as market dynamics shift.

Super Micro Computer, Inc. (NASDAQ:SMCI) is one of Jim Cramer’s latest stock calls as oil drops and the U.S. market rises.