March 19, 2024

(Reuters) -Super Micro Computer said on Tuesday it will sell 2 million shares that could fetch around $2 billion, sending the AI server maker’s shares 11% lower. The San Jose-based company’s shares have more than tripled since January, making the sale of equity a lucrative option to raise funds. However, buying the shares following their…

By Katya Golubkova TOKYO (Reuters) -Nippon Steel would move its U.S. headquarters to Pittsburgh where its acquisition target U.S. Steel is based if the deal goes through, an executive said, adding to the pledges from the Japanese steelmaker to secure the transaction. Nippon Steel’s proposed $15-billion takeover of U.S. Steel has drawn sharp criticism in…