Supermicro's financing plan is expected to dilute near-term earnings but also signals that demand could increase fiscal 2027 revenue above the $50 billion consensus.

Supermicro announced a plan to raise $7 billion through equity offerings to fund the production of more AI servers.

Shares of Supermicro fell 28%, marking the stock's biggest drop since March and making it the worst performer in the S&P 500 for the day.