Super Micro Computer Set to Raise $2 Billion in Stock Sale – AI Server Maker’s Shares Drop 12%
San Jose, California – Super Micro Computer, a leading artificial intelligence (AI) server maker, announced plans on Tuesday to sell 2 million shares in a move that could potentially raise around $2 billion. Following this news, the company’s shares experienced a sharp decline of about 12%. Since the start of the year, shares of the San Jose-based company have soared, more than tripling in value. This increase in stock value has made selling equity an …