Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis.

Good afternoon. Today is Tuesday, September 3rd, and I'm your host, Kim Khan. Our top story so far.

Super Micro Computer Chief Executive Charles Leang said that neither the recent delay to its annual report or the recent disclosure by Hindenburg research that it is short the company's stock will impact the company's customers or partners.

Neither of these events affects our products or our ability and capacity to deliver the innovative IT solutions that you rely on every day

Liang wrote in a letter also filed with the SEC. Our production capabilities are

unaffected and continue to operate at a pace to meet customer demand.

Our world-class engineering and support teams are also unaffected and continue to build and deploy

large-scale AI total solutions.

Leang added that the company is well positioned to

deliver its product portfolio to its customers and help them meet their IT issues.

In addition, Leang also said that Super Micro will have more to say about Hindenburg's short

thesis that he characterized as false or inaccurate. You may have also heard about a

recent report from a short seller hedge fund that contains false or inaccurate

statements about our company

including misleading presentations of information that we have previously

shared publicly, he said. We will address these statements in due course.

We look into the economy. The ISM manufacturing index came at at 47.2 for August, contracting

for the fifth straight month.

It missed the 47.5 consensus, but rose from 46.8 in July. Wells Fargo economists said most of the

strength came from inventories. While inventories can be volatile, it's the first

time this component crested above 50 since early 2024 and the release notes

manufacturers adjusting to lower output levels and timing issues they added.

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