The supermicro computer plans to conduct a $7 billion equity financing after-hours, causing a drop of over 10%.

The supermicro computer plan to carry out a $7 billion equity financing to purchase components needed to fulfill customer artificial intelligence server orders. The company announced in a press release on Tuesday that this equity financing will include a $5 billion underwritten sale and a common stock market price sale of up to $2 billion, with the latter involving supermicro not earlier than the third quarter beginning from time to time in the public market directly sell shares. Supermicro plunged more than 10% in after-hours trading.