Shares of Super X AI Technology Limited (SUPX) experienced a significant 27% drop on September 5, 2025, following the release of a report from J Capital Research. The report questioned the company’s claims regarding its transition to an AI infrastructure provider.
J Capital Research asserted that Super X AI‘s purported shift to AI lacked evidence. The firm suggested the company’s AI infrastructure and expertise were not legitimate. Instead, the report indicated that the company’s AI products might be digitally altered images, potentially plagiarized from other sources.
The report also cast doubt on Super X AI‘s partnership with PanaAI for the construction of an AI supercomputing center. J Capital Research described PanaAI as a seemingly inactive entity, lacking the resources to undertake such a project. This partnership, announced in August 2024, now appears questionable.
Furthermore, the report highlighted concerns regarding the backgrounds of Super X AI‘s management and board members. The firm noted the past involvement of former CEO Howard Tang, whose license was previously suspended by the Hong Kong SEC due to alleged fraud at a previous company, Ample Capital Limited, a partial owner of Super X AI.
The significant drop in SUPX‘s share price resulted in substantial financial losses for investors. This prompted the law firm Gibbs Mura to initiate an investigation into a potential securities class action lawsuit.
Gibbs Mura is examining whether Super X AI violated federal securities laws by providing investors with false or misleading information. The firm is representing investors nationwide in securities litigation, focusing on corporate governance issues, fiduciary breaches, and proxy violations. Gibbs Mura has a substantial track record of recovering funds for clients in similar cases.
Investors who sustained losses due to the decline in SUPX shares are encouraged to contact Gibbs Mura to learn more about their potential involvement in the ongoing investigation. The firm’s website offers additional information regarding the Super X AI lawsuit investigation.
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