Supermicro Announces Proposed $7.0 Billion of Equity and Equity-linked Financing Transactions To Fund AI Orders

SMCI is known for shady accounting and despite almost getting delisted for not filing 10-k last year, has said they won’t change any accounting practices.

Then, 3 executives were arrested for smuggling Nvidia chips.

Today, they copied the Google playbook and diluted shares, using AI as an excuse. Somehow, bulls will still find this scam company doing what Google is doing as bullish