为了明确我们今天讨论的对象，我们谈论的是 Super Micro Computer。几年前，当我们在2023年和2024年报道它时，我们对SMCI持批评态度。我们放弃了它，而且，该股在2024年下半年暴跌，此后从未真正有意义地回升。
And just to pin a name to this, we're talking about Super Micro Computer today. A few years ago, when we covered it in 2023 and 2024 we were critical of SMCI. We passed on it, and, well, the stock price tanked the second half of 2024, and never really meaningfully came back since then.
所以让我们来看看 Super Micro 的情况，因为我们看到一些迹象表明这只股票将再次被炒作。如果你回想一下仅仅几个月前，也就是六月份，他们提出了这笔70亿美元的股权和股权挂钩融资交易，为AI订单提供资金。
So let's go ahead and take a look at what's going on with Super Micro, because we're seeing some signs that this stock is going to get pumped here again. And if you think back to just a couple of months ago, back in June, they proposed this $7 billion equity and equity-linked financing transactions to fund AI orders.