NVIDIA CEO Jensen Huang has a message for Super Micro Computer: tighten up your compliance game. The comment comes after Taiwan launched its first major crackdown on semiconductor smuggling, and the servers in question were Super Micro machines packed with NVIDIA chips.

Huang said NVIDIA remains "rigorous" in explaining export-control rules to its partners, but he made it clear that Super Micro is ultimately responsible for its own operations. He expressed hope the company would strengthen its compliance procedures to prevent similar incidents, according to a Bloomberg report on Saturday.

Here's what happened: Taiwanese prosecutors detained three people this week on allegations they bought Super Micro servers in Taiwan and shipped them out using fake paperwork. This is Taiwan's first big move against AI chip smuggling since the U.S. slapped export restrictions on advanced NVIDIA chips headed to China.

Authorities say the Taiwan case was launched independently and isn't directly connected to the separate U.S. criminal case involving alleged NVIDIA chip smuggling through Super Micro systems. But prosecutors are still looking into whether there are any links between the two. Super Micro said it will strengthen its global trade compliance program and keep working with partners to protect U.S. technologies and supply chains.

For investors, the next big date on the calendar is Super Micro's earnings report, expected around August 4, 2026. Here's what analysts are looking for:

• EPS Estimate: $0.69 (up from $0.41 a year ago)
• Revenue Estimate: $11.73 billion (up from $5.76 billion a year ago)
• Valuation: P/E of 18.7x, which suggests a fair valuation relative to peers

Wall Street is currently lukewarm on the stock. It carries a Hold rating with an average price target of $31.90, based on 23 analysts. Targets range from $22.00 to $40.00. Recent analyst moves include:

• Mizuho: Neutral, raised forecast to $36.00 (May 12)
• Barclays: Equal-Weight, lowered forecast to $34.00 (May 7)
• Rosenblatt: Buy, raised forecast to $40.00 (May 6)

As for the stock itself, Super Micro Computer (SMCI) shares were up 2.00% at $36.29 in premarket trading on Tuesday.