Super Micro Computer Falls, Chewy Drops, Cracker Barrel Soars as Outlook Boost Spurs Upgrade
On this episode of Stock Movers: -Super Micro (SMCI) shares fall. The company said it plans $7 billion in equity and equity-linked financing transactions to fund component purchases to satisfy around $39 billion in AI server orders it has received from customers. -Chewy (CHWY) shares drop. The company cut its full-year revenue outlook as Americans rein in spending on their pets — one of the few household expenses that have remained fairly shielded as inflation worries bite. -Cracker Barrel (CBRL) shares jump as much as 35% on Wednesday, the most intraday on record, after the restaurant…
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