00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Supermicro computer shares fell 9% in after-hours trading on Tuesday,
00:07after the company announced $7 billion in equity financing deals to fund hardware component
00:12purchases, according to CNBC. The company plans a $5 billion underwritten stock offering
00:19and a $2 billion at-the-market offering starting in July, arranged through JPMorgan Chase,
00:25Goldman Sachs, and Citigroup. Supermicro said it received $39 billion in AI server orders from
00:32more than 20 customers in recent weeks. Revenue in the March quarter rose more than 100% year over
00:38year. Before the after-hours dropped, shares were up about 39% for the year. CEO Charles Liang told
00:45analysts in May that memory costs have more than tripled in recent months. For all things money,
00:50visit Benzinga.com.
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