Super Micro Computer Inc. (SMCI) is back in the spotlight, jumping 15% in premarket trading on Wednesday after announcing a $20 billion multi-year deal with Saudi-based data center firm DataVolt. Under the agreement, SMCI will supply high-density GPU platforms and liquid cooling systems to power massive AI campuses in Saudi Arabia and the U.S. This aligns with Saudi Arabia’s broader push into AI, backed by an aggressive digital infrastructure strategy. For SMCI, the deal boosts its status as a critical player in the global AI hardware race—especially in building scalable computing systems for hyperscale deployments. The scale of the deal is impressive—but the financial specifics are still vague. The $20 billion is spread over multiple years. We don’t yet know how how revenues will be recog
SMCI Offers $2B Notes: Is -10% Overreaction?
SMCI announced that it intends to offer, subject to market conditions and other factors, $2.0 billion aggregate principal amount of convertible senior notes due 2030 (the “Convertible Notes”). The stock dips 10%.
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