Super Micro shares fall about 10% after outlining a $7B financing plan for AI order backlog

Super Micro Computer (SMCI) slid about 10% in after-hours trading on Tuesday after detailing plans to raise roughly $7 billion to support its AI hardware backlog. The company said the proceeds are intended to help buy components needed to fulfill about $39 billion in advanced AI server orders from more than 20 customers, including AI servers and its Data Center Building Block Solutions.