Matt Miller

Thank you for having me.

So absolutely.

Having the indictment of the co-founder, that's obviously a pretty big hurdle for any kind of investor.

But this comes after some other

major red flags at the company, notably some accounting issues over a couple of years.

This has something that people are extremely cautious about, even though the company is very well positioned in what is seen as a major growth market, which is AI servers.

We've seen the stock really fall participously over the past couple of years as people sort of assess what does this company's risk profile look like, what kind of governance issues are coming into play here.

All of that at the moment is really overshadowing a more positive fundamental growth story in terms of the market it's operating in.

In terms of, it's not a chip maker, obviously, Supermicro.

What is the main product for this?

Is it server racks?

Yeah, exactly.

So AI servers, another company, Dell is also involved here, Hewlett Packard Enterprise.

Not many companies operate in this, but it is a key part of AI related infrastructure, which is why the company for a really long time was doing quite well.

It was seeing pretty dramatic growth.

It is one of NVIDIA's major customers.

And we saw the stock sort of react to that.

I think at one point it was the biggest ever component of a small cap index before it was finally moved into the S&P 500, just as a reflection of how quickly the company was growing and how much the stock was rising.

Now, all of this is really coming under question right now.

So while there is still a lot of optimism about the long-term story of AI infrastructure, here you have a company that has a lot of really unique challenges and risks associated with it, especially