SMCI is trading 5.9% down at $28.84 as investors continue reacting to its recently announced $7 billion equity-linked financing plan and the associated dilution risk.
- Despite a large $39 billion AI server order backlog, the stock remains under pressure following June’s sharp selloff triggered by the financing announcement.
- Persistent concerns regarding margin compression, inventory buildup, and negative cash flow continue to weigh on investor sentiment.