BUZZ-Super Micro falls on plan to raise $7 billion in equity offerings

Super Micro Computer, Inc.

Super Micro Computer, Inc.

SMCI

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** AI server maker Super Micro Computer's SMCI.O shares fall 10.2% to $36.50 after the bell

** SMCI says it is raising $7 billion in equity and equity-linked deals to buy components to meet its AI order backlog

** The transactions comprise two parts: $5 billion in underwritten public offerings and up to $2 billion at-the-market offering program for common stock

** SMCI intends to use a part of the net proceeds to purchase components needed to fulfill nearly $39 billion in recent orders for its advanced AI servers

** SMCI has risen 38.6% YTD



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