Super Micro said on Monday that it's offering $2 billion in convertible notes due 2030.
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Super Micro Computer
shares fell about 6% on Monday after the server maker said it plans to offer $2 billion in convertible notes, maturing in 2030.
A company’s stock often falls on the announcement of a convertible offering because the eventual conversion to equity could dilute existing shareholders’ stakes.
Super Micro, which has seen its business boom due to soaring demand for Nvidia’s
Super Micro said "design win upgrades" pushed some expected first-quarter revenue to the second quarter.
The server maker's business is still getting a big boost from artificial intelligence, but growth is slowing.
Super Micro has been a big beneficiary of the AI boom, but revenue and earnings in the latest quarter fell short of estimates.
CEO Charles Liang said the company is taking steps to "reduce the impact" of President Donald Trump's tariffs.
Investors on Friday appeared to jump into one Super Micro rival analysts see as the obvious beneficiary of the smuggling case.
The arrest of board member Yih-Shyan “Wally” Liaw—who previously resigned following an accounting scandal in 2018—led an…
