Super Micro shares fall on $2 billion convertible debt offering
On December 3, 2024, San Jose is a super micro computer center in California.
David Paul Morris | Bloomberg | Getty Images
Super micro computer The server manufacturer said that it matured in 2030 and plans to present 2 billion dollars convertible notes.
The shares of a company usually fall to the announcement of a convertible proposal, because the final transformation into self -regulations can dilute the risks of existing shareholders.
Super micro who saw the business explosion due to rising demand Nvidia’s Artificial Intelligence Processors, Press release It plans to use the revenues from the proposal for “general corporate purposes, including finances for growth and business expansion”. He also said that it would spend about $ 200 million to get back the stock from the exporters.
Even after the slide on Monday, super micro shares remain close to 40% in 2025, and the company remains one of a handful server manufacturer who can sell system -based system from NVIDIA. Advanced Micro Devices And Intel Shortly after starting to send. The stock is seen by Wall Street as a pure game that will appreciate with Tech Megacap companies, which are expected to spend hundreds of billions of dollars on data centers to support AI workloads.
Super Micro made a major contract with a data center in Saudi Arabia when President Donald Trump visited the Middle East in May.
Super Micro “appeared as a market leader in AI-Opened infrastructure”, Raymond James analysts said last month in a report, 70% of the company’s income could be attributed to AI. Analysts recommend that you get the stock.
Investors source super micro -related concerns in March and April and the company in May cut Mali 2025 has chosen not to repeat its previous estimation of $ 40 billion in its 2026 financial sales due to its guidance and tariff and uncertainty of AI chip.
The stock compensated some of these losses, but in February, the year is still traded below the highest level.
Super Micro had a turbulent 2024 because of accusations of accounting irregularity, and was forced to refill the financial situations with the securities and the stock market commission to avoid getting rid of Nasdaq. Super Micro also chose a new auditor, removed the Chief Finance Officer and elected additional members to the board of directors.
