Super Micro Computer Inc. (SMCI) announced a $2 billion private offering of convertible senior notes due in 2030, with an option for an additional $300 million for initial buyers. The notes will pay semi-annual interest and can be converted into stock or cash, featuring a 35% conversion premium. Proceeds from the offering will be used to fund capped call transactions aimed at reducing dilution, support up to $200 million in share repurchases, and finance working capital and business expansion initiatives, particularly to fuel growth in AI and cloud computing. Following the announcement, SMCI's stock initially declined but later showed a notable recovery, rising over 7% amid increased market interest and positive trading activity.