$Super Micro Computer(SMCI.US) SMCI recently announced plans to raise $7 billion through an equity offering to purchase components needed to fulfill AI server orders worth $39 billion. Where otherwise a backlog would be considered positive for a company, raising money through equity issuance to fulfill that order has spooked investors. To put this backlog into perspective, the company’s revenue for its most recent fiscal year was $22 billion, so the orders will be challenging to fulfill. However, with guided revenue between $38.9 billion and $40.4 billion for 2026 and Smci set to deliver Vera Rubin-powered servers, the firm might not be in as worrisome a position as the recent drop suggests. @Bridge Buzz SG