Why Super Micro Computer Shares Sank Friday
Super Micro Computer(US:SMCI) The Motley Fool·2024-02-23 18:09Shares 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 ...