Super Micro Seeks Equity Deal; TSMC Sales Rise; Cracker Barrel Guidance
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Super Micro (SMCI) shares are moving this morning as it plans to raise $7 billion through a package of equity offerings to purchase the components needed to fulfill customers’ orders for the company’s artificial intelligence servers.
- TSMC (TSM) shares are moving after it reported a 30% rise in its monthly sales, reflecting continued strength in demand spurred by a global rush to build AI infrastructure.
- Cracker Barrel (CRBL) is rising after the restaurant chain boosted its revenue guidance for the full year, beating the average analyst estimate. Short interest is about 27% of float, according to S3 Partners data.
- Oracle (ORCL) is dropping ahead of earnings, which it will report after the closing bell. Cloud infrastructure sales are expected to have jumped 91% over the last quarter.
See omnystudio.com/listener for privacy information.
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