Question Strange noises and a smoke plume are emanating from the charging port

[ClayVega]

Hi there, My Acer Aspire 7 has been around for a year. Before a week, there was an odd sound coming from the right side when I turned it on, and yesterday, in addition to the odd sound, there was smoke coming from the charging port, so I turned it off and stopped using it. What should I do, and why is this occurring?

 

[COLGeek]

Something has failed or shorted. Is the device still under warranty?