New York, June 11, 2026, 18:01 EDT
- SMCI last changed hands at $31.97, up about 9.2%. Shares had tumbled in the previous session.
- Supermicro set the price for 45,454,545 common shares at $27.50 each. The company also priced 75,000,000 depositary shares at $50.
- The company said some of the proceeds will help pay for components tied to about $39 billion in recent AI server orders. The company said those orders aren’t firm commitments.
Super Micro Computer, Inc. (Nasdaq: SMCI) bounced on Thursday, as the market looked again at the company’s new equity and equity-linked deal. SMCI last traded at $31.97, up $2.69 from the previous session, after moving between $28.48 and $32.85. Around 250.3 million shares changed hands.
Supermicro shares rebounded Thursday after dropping about 28% in the previous session, according to Investing.com. The stock slid Wednesday when the company announced plans to raise funds for AI server parts. The bounce tracked gains in the broader market, as the Nasdaq rose 2.54% and the S&P 500 gained 1.75% in the index table.
Supermicro set prices for its latest share sale on June 11. The company is selling 45,454,545 common shares at $27.50 apiece. It also priced 75,000,000 depositary shares at $50, with each depositary share equal to a 1/20 interest in a new 7.0% series A mandatory convertible preferred stock.
Supermicro said gross proceeds from its underwritten offerings, a $1.25 billion at-the-market program, and underwriters’ options could bring in as much as $7.0 billion in equity. The company said the common stock sale should close June 12. The depositary share deal is set to close June 15, pending usual conditions.
Supermicro said it will put some of the cash—including what it may get from any ATM program—toward parts for about $39 billion in new advanced AI server orders from over 20 customers. The company also flagged that some of the money could go to things like paying down debt, working capital or capital spending.
Investors are split on whether the financing means big AI demand or poses a dilution risk for current shareholders. Investopedia said Wednesday that selling stock can weigh on shares since investors worry about diluted stakes, even though the aim is to fund AI growth.
Analysts aren’t all bullish. Wolfe Research started coverage on Super Micro at Peer Perform, flagging risks on operations, finances, margins, customer concentration, governance and regulation, according to Investing.com on Thursday. Wolfe set a fair value estimate between $26 and $31 a share. Even so, Wolfe’s note said the firm expects Supermicro to benefit from demand for AI infrastructure.
Supermicro has flagged a big risk in its own filings: that $39 billion figure for AI orders isn’t locked in, and the orders can be canceled or delayed, and depend on meeting certain conditions. So for the stock, the question won’t just be about that headline order number. Investors will watch if Supermicro translates AI demand into actual revenue and does it without cutting into margins or putting more stress on its balance sheet.
