Super Micro plans to raise $7 billion in capital to fulfill a $39 billion backlog of AI-related orders. Meanwhile, shares in a French technology company plummeted by over 40% following a report from Grizzly Research alleging a "fraudulent structure" in its U.S. operations. Trading of the French company's shares was subsequently suspended after the stock collapse triggered by these short-seller accusations.
Trading of a French technology server company was suspended after a rapid stock collapse triggered by specific allegations from a short-selling firm.
Read the full storyA French technology company saw its market value crater after a short-seller report alleged a fraudulent structure within its U.S. operations.
The company aims to use the new capital to fulfill surging demand for AI infrastructure as its order backlog reaches record levels.