Super Micro Computer dips after pricing of convertible notes

** Shares of Super Micro Computer SMCI drop 6.2% to $915.3 premarket as the server component maker prices convertible notes

** SMCI announced on Wed private offering of $1.5 bln 5-yr convertible bonds to fund growth and business expansion

** Initial conversion price of $1,341.38 represents a 37.5% premium to the stock's close on Thursday

** SMCI has surged ~243% in 2024, hitting all-time highs as it benefited from a boom in AI; SMCI surged ~33% on Thursday following forecast-beating results from AI poster child Nvidia NVDA

** Co was valued at $54.6 bln as of Thursday's close