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While there has hardly been a shortage of excitement in the stock market since the start of 2024, few stocks have made moves as big as Supermicro Computer (NASDAQ: SMCI). The company grabbed the attention of analysts, investors, and technology enthusiasts by going through a massive single-quarter rally which has seen it rise from approximately $285 to, at several points, more than $1,000 per share.Supermicro – having ridden the artificial intelligence (AI) boom in a big way in 2024 – announced late on March ...

Shares of Super Micro Computer (SMCI -10.91%) were sliding for the second day in a row today. Following a sell-off yesterday that seemed related to its inclusion in the S&P 500, Supermicro stock was down sharply again on Tuesday, this time on news of a secondary offering.The high-flying AI server specialist filed this morning to sell 2 million shares, diluting existing shareholders by approximately 3.6%. The company said it planned to use those proceeds for capital support of its operations, the purchase of ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Super Micro Computer (NASDAQ:SMCI) stock is falling on Tuesday after the server and storage solutions company announced a proposed public offering for its shares.This offering has the company intending to sell 2 million shares of SMCI stock. It also includes a 30-day option for underwriters to acquire another 300,000 shares. Goldman Sachs & Co. LLC is the sole underwriter and sole book-running manager for the offering.Other details about the offering are still unknown. The company hasn’t announced when the ...

SAN JOSE, Calif.--(BUSINESS WIRE)--Super Micro Computer, Inc. (“Supermicro” or the “Company”) (Nasdaq: SMCI) today announced the launch of a proposed underwritten registered public offering of 2,000,000 shares of its common stock. In addition, Supermicro expects to grant the underwriter a 30-day option to purchase up to an additional 300,000 shares of its common stock. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be com ...

Shares of Super Micro Computer (SMCI -6.38%) are up an eye-popping 999% over the last 12 months. Given that incredible return, and the general sense of mania surrounding Artificial Intelligence (AI) stocks, some investors might think Super Micro Computer shares are in a bubble about to burst.However, I think the stock has staying power. Here's why.AI is here to stayFirst things first: Super Micro Computer is an AI stock. The company makes high-performance servers and storage systems -- the hardware needed t ...

The Full-Stack SuperClusters Include Air- and Liquid-Cooled Training and Cloud-Scale Inference Rack Configurations with the Latest NVIDIA Tensor Core GPUs, Networking, and NVIDIA AI Enterprise SoftwareSAN JOSE, Calif., March 18, 2024 /PRNewswire/ -- Supermicro, Inc. (NASDAQ: SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, is announcing its latest portfolio to accelerate the deployment of generative AI. The Supermicro SuperCluster solutions provide foundational building blocks for th ...

Super Micro Computer (SMCI -6.38%) stock lost substantial ground in Monday's trading. The company's share price closed out the daily session down 6.4% according to data from S&P Global Market Intelligence. Notably, the pullback happened even as the S&P 500 index climbed roughly 0.8%.Supermicro stock was added to the S&P 500 today, replacing Whirlpool in the benchmark index. The move was announced on March 4, and the server specialist's stock posted explosive gains on the news. Even with today's pullback, Su ...

Key TakeawaysSuper Micro Computer Inc. lost about 6% of its value Monday after being added to the S&P 500 index.The Silicon Valley maker of data centers has experienced a significant rise in its share value over the last year due to soaring demand tied to the rise of artificial intelligence (AI).Despite the day's dip, the company was still up more than 250% so far this year. Super Micro Computer Inc. (SMCI)'s stock lost the most value of any S&P 500 company on Monday, its first day included in the index. On ...