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Wajeeh Khan

The $7 Billion Reason Super Micro Computer Stock Is Down Today

Super Micro Super Micro Computer SMCI

Investors are bailing on Super Micro Computer (SMCI) shares on June 10 after the artificial intelligence (AI) infrastructure company announced a $5 billion underwritten public offering. In its press release, management disclosed a separate $2 billion at-the-market (ATM) equity program as well to “fund the purchase of components” necessary to fulfill customer orders.

Following today’s decline, Super Micro stock is down about 35% versus its recent high.

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