AI Names Drop, Oil Upends Inflation Bets, US Stocks Slip
Super Micro Computer plunged over 20% after unveiling a $7 billion equity financing plan to meet surging but non-binding AI-server demand, stoking dilution fears and triggering a broad tech selloff that dragged the S&P 500 down 1.56%, Nasdaq 1.99%, and Dow 1.67% as investors also reacted to hotter inflation and rising oil prices amid U.S.-Iran tensions.