Chinese Nvidia Cloud Partner procured 300 servers with banned AI GPUs worth $92 million — shares of data center supplier Sharetronic plummet following Super Micro smuggling arrest

Sharetronic Data Technology Co., a Chinese firm, purchased nearly 300 servers with banned Nvidia AI chips worth $92 million, leading to a significant drop in the shares of data center supplier Sharetronic. The servers contained Nvidia H100 or H200 chips and were sold to a Shenzhen subsidiary. Despite the U.S. ban on exporting these high-performance AI accelerators, Sharetronic denies any wrongdoing. The company, which recently pivoted towards AI data centers, has faced scrutiny over its procurement practices and potential violations of U.S. export restrictions. This incident has prompted calls from U.S. senators to halt the issuance of Nvidia GPU export licenses.