Super Micro Computer, Summit Therapeutics And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

US stock futures declined on Wednesday, with Nasdaq futures down 1%. Super Micro Computer shares dropped 8.6% after announcing a $7 billion offering to fund AI server orders. Other stocks moving lower in pre-market trading include Summit Therapeutics, which fell 7.6% following its own public offering announcement, as well as BitVentures, Frequency Electronics, Horizon Quantum Holdings, Inventiva, United Microelectronics, Voyager Acquisition, and Arteris.

U.S. stock futures were lower this morning, with the Nasdaq futures falling around 1% on Wednesday.

Shares of Super Micro Computer Inc (NASDAQ:SMCI) fell sharply in pre-market trading after the company announced a proposed offering to fund AI orders.

Super Micro announced a series of offerings expected to generate gross proceeds of $7 billion to fund the purchase of components to fulfil AI server orders that the company received in “recent weeks.”

Super Micro Computer shares dipped 8.6% to $37.14 in pre-market trading.

Here are some other stocks moving lower in pre-market trading.

BitVentures Limited (NASDAQ:BVC) shares dipped 12.6% to $10.30 in pre-market trading after jumping over 26% on Tuesday.
Frequency Electronics Inc (NASDAQ:FEIM) fell 11.3% to $59.40 in pre-market trading after declining 4% on Tuesday.
Horizon Quantum Holdings Ltd (NASDAQ:HQ) shares dipped 8.6% to $9.80 in pre-market trading after declining 4% on Tuesday.
Inventiva S.A. (NASDAQ:IVA) shares declined 9.1% to $3.61 in pre-market trading.
United Microelectronics Corporation (NYSE:UMC) declined 8.4% to $18.22 in pre-market trading.
Summit Therapeutics Inc. (NASDAQ:SMMT) fell 7.6% to $13.20 in pre-market trading as the company announced a proposed public offering of common stock.
Voyager Acquisition Corp. (NASDAQ:VACH) declined 7.5% to $15.99 in pre-market trading after jumping 34% on Tuesday.
Arteris, Inc. (NASDAQ:AIP) fell 5.8% to $31.79 in pre-market trading after declining 4% on Tuesday.

Photo via Shutterstock

U.S. stock futures were lower this morning, with the Nasdaq futures falling around 1% on Wednesday.

Shares of Super Micro Computer Inc (NASDAQ:SMCI) fell sharply in pre-market trading after the company announced a proposed offering to fund AI orders.

Super Micro Computer shares dipped 8.6% to $37.14 in pre-market trading.

Here are some other stocks moving lower in pre-market trading.

BitVentures Limited (NASDAQ:BVC) shares dipped 12.6% to $10.30 in pre-market trading after jumping over 26% on Tuesday.
Frequency Electronics Inc (NASDAQ:FEIM) fell 11.3% to $59.40 in pre-market trading after declining 4% on Tuesday.
Horizon Quantum Holdings Ltd (NASDAQ:HQ) shares dipped 8.6% to $9.80 in pre-market trading after declining 4% on Tuesday.
Inventiva S.A. (NASDAQ:IVA) shares declined 9.1% to $3.61 in pre-market trading.
United Microelectronics Corporation (NYSE:UMC) declined 8.4% to $18.22 in pre-market trading.
Summit Therapeutics Inc. (NASDAQ:SMMT) fell 7.6% to $13.20 in pre-market trading as the company announced a proposed public offering of common stock.
Voyager Acquisition Corp. (NASDAQ:VACH) declined 7.5% to $15.99 in pre-market trading after jumping 34% on Tuesday.
Arteris, Inc. (NASDAQ:AIP) fell 5.8% to $31.79 in pre-market trading after declining 4% on Tuesday.

Photo via Shutterstock