"Super Micro's Stock Offering Delay Leads to 12% Plunge"

TL;DR Summary
Super Micro Computer Inc. has delayed the pricing of a 2 million share sale until after the market closes in New York, with Goldman Sachs as the sole underwriter. The company's recent stock market success, driven by enthusiasm in artificial intelligence, has led to a gain of nearly 1,000% over the past 12 months and a $56 billion market cap. The delay comes after Super Micro shares plunged following the share sale announcement, and the pricing of the deal may potentially change based on investor demand.
- Super Micro to Delay 2 Million Share Sale to After Close Yahoo Finance
- Stocks rise as investors eye the Fed, Super Micro slumps on stock offering Yahoo Finance
- Super Micro Computer, one of the hottest AI plays alongside Nvidia, tanks 10% on share offering CNBC
- Stock Market Today: Dow Jones Reverses Ahead Of Fed Meeting; AI Stock Super Micro Plunges 12% Investor's Business Daily
- Why SMCI stock plunged 11% today By Investing.com Investing.com
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
2 min
vs 3 min read
Condensed
80%
438 → 86 words
Want the full story? Read the original article
Read on Yahoo Finance