Supermicro plans $7B raise for $39B AI orders

Supermicro plans to raise $7 billion through equity offerings to fund components for $39 billion in AI server orders from over 20 customers. The package includes $5 billion in underwritten stock and depositary shares, plus a $2 billion at-the-market program starting no earlier than Q3 2026. Shares fell about 9% in after-hours trading.