Super Micro Computer Stock Falls on Plans to Sell 2 Million Shares

Mar 19, 2024
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Super Micro Computer was falling Tuesday after the maker of servers that help with artificial-intelligence applications filed to sell 2 million common shares. Shares of Super Micro were falling 6.5% in premarket trading to $935.20. Super Micro said Tuesday that on top of offering the 2 million shares, it has granted the underwriter 30 days to purchase up to 300,000 additional shares.

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