Super Micro Computer Is Sliding Again. Has the Hot AI Stock Already Peaked?
Super Micro Computer(US:SMCI) The Motley Fool·2024-03-19 15:47Shares 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 ...