a lot of things will do this in the right circumstances (transistors, diodes, ...).
recently (last night) basically had a board blow-up, where transistors and similar lit up like Christmas lights (turning bright red) and started spewing smoke and fire, the event also destroying several 30A MOSFETs and similar as well... (not visibly, but the legs are shorted).
nothing exploded per-se (this time), but some of the transistors did shatter afterwards (after cooling). but, yeah, that board is pretty much trashed...
a MOV or TVS diode could probably have prevented this (the board was driving an inductive load, and lost contact with the power supply and blew up).