Super Micro Computer Stock Is Down 19% From 52-Week Highs: Here's Why That's Great News for Investors
Super Micro Computer (NASDAQ: SMCI) stock has been pulling back in recent sessions after the company revealed the pricing of its common stock offering, which would dilute existing shareholders. As it turns out, shares of the high-flying server manufacturer are down 19% from their 52-week high, which it hit on March 8.
Savvy investors looking to invest in a top artificial intelligence (AI) stock right now should consider capitalizing on Supermicro's drop by buying it hand over fist. Here's why.
Super Micro Computer is offering 2 million shares of its common stock for $875 per share. Moreover, underwriter Goldman Sachs has a 30-day option to purchase an additional 300,000 shares as a part of this offering.
Source Fool.com
