Why is Super Micro (SMCI) stock soaring today

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 intelligence chips with a private credit firm. According to the report, the debt financing will fund additional artificial intelligence chips for a data center in Poland secured with DL Invest Group. The hardware is in