• Super Micro Computer, the tech firm known for manufacturing servers with Nvidia GPUs, has appointed a new general counsel as part of efforts to improve its internal operations. Short sellers have been increasing their position in the company, anticipating a drop in stock price.

Super Micro Computer, a Fortune 500 company, has named Yitai Hu, its senior vice president of corporate development, as its new general counsel. This move comes as the company tries to address past accounting issues and enhance its growth prospects.

Alongside Hu's appointment, Scott Angel, a former Deloitte executive, joined Super Micro's board as an independent director. The company has been facing scrutiny over its financial controls following the departure of its former auditor, EY.

Despite these challenges, Super Micro remains a key player in the AI industry, partnering with companies like Elon Musk's xAI Grok team. However, short sellers have been betting against the company, with S3 Partners reporting a short interest of nearly $4 billion in Super Micro's stock.

While the company has made progress in resolving its accounting issues, legal challenges and regulatory probes continue to pose a threat to its stability. With a new general counsel in place, Super Micro aims to navigate these challenges and focus on its long-term growth objectives.