Super Micro to Raise $7B for AI Server Growth, Shares Fall 9%

According to CNBC, Super Micro Computer announced on June 9 a $7 billion equity financing package starting in July, comprising a $5 billion underwritten stock offering and a $2 billion at-the-market program through JPMorgan Chase, Goldman Sachs, and Citigroup. The company's shares fell 9% in extended trading.

Super Micro said it received $39 billion in AI server orders from over 20 customers recently. Based on a $25 billion market value, the $7 billion fundraising represents approximately 28% of the company's market capitalization.