Super Micro Computer Stock: Impacts of Secondary Offering and Future Growth Prospects
Tuesday, 19 March 2024, 15:47
Fueling the growth machine
Supermicro's revenue doubled in its most recent quarter, and the company needs to stay ahead of competitors as the competition in the AI server market heats up.
Has Supermicro stock peaked?
Even after today's sell-off, Supermicro stock has still tripled this year, but it's also been incredibly volatile and is now down roughly 30% from its intraday peak on March 8.
Investors often balk at secondary offerings
- Investors disliked a secondary offering from the AI stock.
- Shares of Super Micro Computer (NASDAQ: SMCI) were sliding for the second day in a row today.
- the company said it planned to use those proceeds for capital support of its operations, the purchase of inventory, manufacturing capacity expansion, and increased.
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