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Benzinga
  • 2 years ago
Super Micro Computer announced plans for a 10-for-1 stock split, with shareholders receiving nine additional shares for each share owned after market close on September 30th. The stock split does not affect the underlying value of shareholders' holdings but can boost sentiment and attract new investors with the lower post-split price. The company's CEO said a new Malaysia facility coming online this year will be "instrumental in increasing our profitability." Demand for SMCI's servers is driven by the growing adoption of AI technologies, with the AI market expected to grow from about $2 trillion in 2023 to nearly $30 trillion by 2032.

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00:00It's Benzinga and here's what's on the block.
00:03Supermicrocomputer announced plans for a 10-for-1 stock split with shareholders receiving 9 additional
00:08shares for each share owned after market close on September 30th.
00:12The stock split does not affect the underlying value of shareholders' holdings, but can boost
00:16sentiment and attract new investors with the lower post-split price.
00:20The company's CEO said a new Malaysia factory coming online this year will be instrumental
00:24in increasing our profitability.
00:26Demand for SMCI servers is driven by the growing adoption of AI technologies, with the AI market
00:32expected to grow from about $2 trillion in 2023 to nearly $30 trillion by 2032.
00:37For all things money, visit Benzinga.com.