Super Micro Shares Jump 7.5% After Report on Argentum AI Financing Talks
Super Micro shares rose 7.5% in afternoon trading after Reuters reported that Super Micro-backed cloud computing firm Argentum AI is negotiating a $5 billion financing deal. The report cited two people familiar with the matter.
What happened? Shares of server solutions provider Super Micro NASDAQ:SMCI jumped 7.5% in the afternoon session after Reuters reported, citing two people familiar with the matter, that Super Micro-backed cloud computing firm Argentum AI is negotiating a $5 billion financing deal for artificial inte…