Shares of Super Micro Computer (SMCI -10.28%) are taking a breather today. But it's not just because of the stock's recent parabolic move higher. Super Micro shares have doubled in the past month but were lower by 11.3% as of 12:10 p.m. ET today.That's because the company announced the pricing for a $1.5 billion capital raise today.A total AI solutionThe plan to raise capital was announced earlier this week. Still, investors were caught up in a wave of buying any stock related to artificial intelligence (AI ...

Starting the year close to $146 and ending it just under $500, the stock of the semiconductor blue-chip giant and Jim Cramer’s dog’s namesake, Nvidia (NASDAQ: NVDA) was one of the biggest stock market stars of 2023. Indeed, a $1,000 investment in the company at the beginning of last year would have, by late December, become approximately $3,500 and, by mid-February 2024, about $5,000.This year, however, another stock captivated investors with its incredible rise – even bigger and faster than Nvidia’s last y ...

SAN JOSE, Calif.--(BUSINESS WIRE)--Super Micro Computer, Inc. (NASDAQ: SMCI) (“Supermicro” or the “Company”), a Total IT Solution Manufacturer for AI, Cloud, Storage, and 5G/Edge, today announced the pricing of $1.5 billion aggregate principal amount of convertible senior notes due 2029 (the “Convertible Notes”). The Convertible Notes are being offered and sold to “qualified institutional buyers” pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company also gran ...

forgiss/iStock via Getty ImagesThe Russell 2000 and its ETF, the iShares Russell 2000 (NYSEARCA:IWM), haven't had a great year and have not participated in the rally in the large-cap indexes that have moved sharply higher, driven by AI fever. As of Feb. 22, the Russell 2000 was down about 1.6%, but it could be much worse because it isn't only the S&P 500 and Nasdaq 100 that have AI fever, the Russell 2000 does, too, even though it's less obvious. The Russell's AI driver comes in the form of Super Micro ...

Shares of server and storage solution specialist Super Micro Computer (SMCI 24.75%), also known as Supermicro, resumed their relentless push higher Thursday, surging by as much as 21%. As of 10:56 a.m. ET, the stock was still up 19.4%.A check of all the usual sources -- regulatory filings, analyst commentary, and financial reports -- found no company-specific news fueling the gains, which suggests the rise was due primarily to a robust earnings report from a leader in the artificial intelligence (AI) revolu ...

Super Micro Computer (NASDAQ:SMCI) stock rose almost 12% overnight as excitement over the Nvidia (NASDAQ:NVDA) earnings spilled over into the server assembly company. Super Micro has been among the hottest stocks of 2024, up 190% just since the start of the year. This includes a hard fall going into the Nvidia earnings release. But it’s getting most of that loss back today, rising to $850 per share after the market opened, a market capitalization of nearly $48 billion.The company is taking advantage of its ...

Despite a recent setback that saw the price of Super Micro Computer, Inc. (NASDAQ: SMCI) shares drop over 10% over the past week, SMCI stock seems to be making a remarkable recovery in its pre-market trading, during which it has made an advance of nearly 15%.As it happens, the surprising turn of events in extended hours for SMCI shares is happening thanks to Nvidia (NASDAQ: NVDA) posting a strong set of earnings results, according to an X post shared by stock market analytics platform Barchart on February 2 ...

Demand for artificial intelligence (AI) has run riot over the past year or so, and nowhere is that more evident than with Super Micro Computer (SMCI -6.78%), also called Supermicro. The company, which provides specialty servers with the computational horsepower necessary to run AI systems, has seen its stock price explode, up an astonishing 757% over the past year as of the market close on Monday.At the same time, analysts are scrambling to update their financial models and price targets, as Supermicro's re ...

SAN JOSE, Calif.--(BUSINESS WIRE)--Super Micro Computer, Inc. (NASDAQ: SMCI) (“Supermicro” or the “Company”), a Total IT Solution Manufacturer for AI, Cloud, Storage, and 5G/Edge, today announced that it intends to offer, subject to market conditions and other factors, $1.5 billion aggregate principal amount of convertible senior notes due 2029 (the “Convertible Notes”). The Convertible Notes are to be offered and sold to “qualified institutional buyers” pursuant to Rule 144A under the Securities Act of 193 ...

On the heels of a remarkable rally, shares of server and storage-solution specialist Super Micro Computer (SMCI -7.88%), also known as Supermicro, have been taking a breather. It has gained roughly 700% over the past year, but gravity might have finally caught up with the company. The stock shed as much as 10.1% on Wednesday. As of 2:40 p.m. ET today, the stock was still down 7%.While the shares appeared to be caught up in the general market downturn today, there was actually good news in the form of bullis ...