Singaporean police arrested three men for allegedly defrauding an unnamed supplier of computing servers, casting a spotlight on local intermediaries’ role in funneling Nvidia Corp. chips around the world.

From IPO announcements to earnings reports and ambitious projections, the world of AI has been abuzz with activity.

After opening higher, Nvidia stock quickly gave up its post-earnings gains. The stock was down 3.3%, in early morning trading. Other AI-related names like Super Micro were falling sharply, as well. The AI server make was down 12% in early morning trading.

Overall data center spending enjoyed record growth last year leaping 34 percent, with market leaders like Nvidia, Dell, and HPE benefiting. This year has shown no let-up in demand with more than a half-trillion dollars in investment was pledged in January 2025.

Wall Street expects Dell Technologies Inc. DELL to report quarterly earnings at $2.52 per share on revenue of $24.57 billion after the closing bell, according to data from Benzinga Pro. Dell shares gained 0.

Singaporean police charged three men for allegedly defrauding an unnamed supplier of computing servers, casting a spotlight on local intermediaries’ role in funneling Nvidia Corp. chips around the world.

The suspects are accused of misrepresenting the actual end-user of the hardware, highlighting intermediaries’ role in global chip distribution.

Singapore is investigating whether Dell Technologies Inc. and Super Micro Computer Inc. servers shipped to Malaysia housed Nvidia Corp. chips barred from China, outlining a case that’s highlighted the role of middlemen in funneling high-end semiconductors.

Dell's dilemma is playing out for the largest U.S. server makers as they navigate the artificial intelligence boom.

In the fourth quarter, artificial intelligence aficionado Nvidia reduced its stake in Arm and completely exited its position in SoundHound AI. Arm is gaining market share in data center server processors as hyperscale companies lean into custom silicon for artificial intelligence.

A local case of fraud in Singapore might be the tip of the iceberg for some international AI intrigue. According to Reuters, three people were charged with fraud for allegedly lying about the delivery of items to a server supplier.

Singapore probes alleged fraud involving Dell and Super Micro servers that likely contained Nvidia chips. Read more.