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Super Micro Computer (SMCI) Is Down 38.3% After Massive US$7 Billion Equity and Preferred Offering
Simply Wall St.74d agoneutral
Super Micro Computer (SMCI) Is Down 38.3% After Massive US$7 Billion Equity and Preferred Offering

Earlier this week, Super Micro Computer announced plans to raise about US$7.00 billion through common stock and convertible preferred depositary shares to fund components needed for roughly US$39.00 billion of recent AI server orders. The capital raise coincides with an aggressive build‑out of Supermicro’s AI-centric product portfolio, including new Arm-, AMD-, Intel-, and NVIDIA-based rack‑scale platforms aimed at large cloud and data center deployments. We’ll now examine how this very...

IREN’s 5.8 GW Buildout And Nvidia Deal Reframe AI Growth Story
Simply Wall St.74d agoneutral
IREN’s 5.8 GW Buildout And Nvidia Deal Reframe AI Growth Story

IREN (NasdaqGS:IREN) has expanded its global data center development pipeline to 5.8 GW, signaling a much larger buildout of high-performance computing sites. The company has entered a multi year, $3.4b partnership with Nvidia to supply AI infrastructure, adding a major new customer relationship alongside its existing work with Microsoft. These moves indicate a deeper push into AI cloud infrastructure and a broader geographic footprint for IREN’s computing assets. IREN’s share price sits at...

Jim Cramer Describes Bitcoin, Gold As 'Bad Money' Getting Dumped For SpaceX — But 'Good Money' Apple And Nvidia Not Spared Either
Benzinga75d agoneutral
Jim Cramer Describes Bitcoin, Gold As 'Bad Money' Getting Dumped For SpaceX — But 'Good Money' Apple And Nvidia Not Spared Either

Market commentator and popular media personality Jim Cramer dubbed Bitcoin (CRYPTO: BTC) and gold as “bad money” on Wednesday, which are getting dumped to participate in SpaceX’s upcoming IPO. Good Vs. Bad In an X post, Cramer posited that investors are liquidating assets to free up cash for SpaceX, expected to be the biggest stock market debut in history. But the way he described those assets raised some eyebrows. The “Mad Money” host called Bitcoin and gold “bad money,” while referring to Nvid