Nvidia Supplier Wistron’s Shares Drop 6% After Announcing $1.5 Billion Global Stock Sale to Fund AI Server Expansion
Shares of Wistron Corporation fell more than 6 percent Tuesday after the Taiwanese electronics manufacturer, one of Nvidia’s key AI server suppliers, priced a $1.47 billion global depositary receipt offering aimed at funding raw material purchases. The selloff illustrates a familiar tension in fast-growing supply chains: even when a company’s underlying business is expanding rapidly, … Read more