Supermicro computer disk drops by over 9%, plans to raise $7 billion in equity financing

Supermicro Computer's SMCI.US fell more than 9% to $36.9 before trading. Supermicro Computer plans to conduct a $7 billion equity and equity related financing transaction to raise funds to purchase components and meet a $39 billion AI server order from customers. The financing includes a $5 billion underwriting issuance and a $2 billion market price issuance of ATMs. Supermicro Computer will periodically sell common stocks on the public secondary market to raise funds, based on market windows and fluctuations, starting no earlier than the third quarter of this year.