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 chain boosted its revenue guidance for the full year, beating the average analyst estimate. The results prompted Wells Fargo to raise its recommendation on the stock to overweight.

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