SUPX - a Hong Kong-based interior design company that pivoted to become an AI compute system and GPU company. Questionable bullish weekly chart; bearish engulfing candle on the daily chart. Gap fill in fuchsia at 11.47.
From TheBearCave: J Capital Research alleged “there is no evidence that SUPX actually is building AI infrastructure or has the expertise or assets to do so” and noted the company’s CEO, CFO, and Audit Chair have all departed in recent months. 9/7/25
Wasn't this a takeover of a shell corporation, just to bypass the US listing requirements? The few months spent at the $10 price peg points to that. Probably tough to find out much real info about the company. Otherwise, this seems to be following the late '90s method of adding to market cap, by pivoting from some hum drum business to a high tech company, merely by adding dot com to their name.
Class action already? This had to be in the works for a while. And the allegations remind me of World Power Systems, which used competitors products and empty equipment cabinets to claim they were at the forefront of computing.
J Capital Research alleged “there is no evidence that SUPX actually is building AI infrastructure or has the expertise or assets to do so” and noted the company’s CEO, CFO, and Audit Chair have all departed in recent months. 9/7/25