malindasp

Supermicro Computer stock fell by 18% on Wednesday after it announced plans to raise $7 billion to complete AI server orders.

Supermicro said the capital, which will be raised through a combination of equity and equity-linked financing, will be used to purchase components to fulfill roughly $39 billion in AI server orders it received in recent weeks.

The fear is that component prices are increasing, and server suppliers like Supermicro won’t be able to pass those higher costs to customers. The result will be lower gross margins. The stock offering will also dilute existing shareholders.

Shares of Supermicro extended declines from Tuesday, when the stock dropped 12%. Year to date, the stock is still up 14% amid a boom in AI server demand.

Catenaa, Wednesday, June 03, 2026- SpaceX is planning to offer shares at $135 apiece to raise $75 billion in its IPO, as Elon Musk rejects another Wall Street convention by setting a fixed price ahead of the marketing phase of the deal.

Bloomberg News reported that the rocket, satellite, and artificial intelligence company aims to sell 555.6 million shares in the offering.

Deliberations are ongoing, and details of the IPO could still change before the terms are disclosed as soon as Wednesday, or even during the marketing process, the report said.

he Big Short investor Michael Burry says that Nvidia quarterly earnings of $75.2 billion from the data center business may be the most dangerous kind of numbers there are.

In a May 2026 Substack post titled “The Heretic’s Guide to AI’s Stars Part III: Tracepalooza and the Bezzle,” Burry laid out his most specific argument yet against the AI infrastructure trade.

The post has been read by more than 200,000 subscribers, and the reaction from Wall Street was significant enough that Nvidia took the unusual step of sending a memo to sell-side analysts pushing back on its arguments on stock-based compensation and depreciation, according to CNBC.

The OMB projects a $2.06 trillion deficit for FY2026. That is more than $166 billion in new borrowing every month. Budget experts warn that the risk of a fiscal crisis is rising fast.

oeing topped expectations in the first quarter, as the company’s turnaround got a boost from higher deliveries.

Boeing reported revenue of $22.2 billion, up 14% year over year and above the $21.79 billion expected according to Bloomberg consensus.

The aviation giant’s adjusted (or core) loss per share came in at $0.20 vs. $0.76 expected.