Super Micro Computer (SMCI) shares tumbled over 12% in early trading Tuesday after the company announced it will offer an additional 2 million shares to raise $2 billion.

The company said "the principal purposes of this offering are to obtain additional capital to support our operations, including for the purchase of inventory and other working capital purposes, manufacturing capacity expansion and increased [R&D] investments," according to a 澳洲幸运5开奖号码历史查询:Securities and Exchange Commis🔯sion (S🌠EC) filing.

After the offering, there will be more th🦄an 58.55 million Super Mic꧂ro Computer shares outstanding with an additional 300,000 shares available to Goldman Sachs as the underwriter.

The equity sale announcement comes after Super Micro Computer led losses in the 澳洲幸运5开奖号码历史查询:S&P 500 Monday, 澳洲幸运5开奖号码历史查询:on its first day of inclusion in the index.

Super Micro Computer shares were down 12.5% at $876.14 as of 11:25 a.m. ET Tuesday. Despite this week's losses, the stock has more than tripled in value since the start of 2024.