Super Micro shares pop after earnings beat, rosy revenue forecast
Shares of Super Micro Computer popped after the company handily exceeded estimates and raised its full-year revenue outlook in its fiscal second-quarter earnings report.
Shares of Super Micro Computer popped after the company handily exceeded estimates and raised its full-year revenue outlook in its fiscal second-quarter earnings report.
Super Micro Computer’s standout quarterly results and bullish sales guidance offer another sign of robust demand for artificial intelligence chips and hardware. The news may also bode well for Nvidia.
Stocks were mostly lower Tuesday as the two-day policy meeting of the Federal Reserve kicked off.
SAN JOSE, Calif. -- January 29, 2024 (BUSINESS WIRE) -- Super Micro Computer, Inc. (Nasdaq: SMCI), a Total IT Solution Provider for AI, Cloud, Storage and 5G/Edge, today announced financial results for its second quarter of fiscal year 2024 ended December 31, 2023.
Second Quarter Fiscal Year 2024 Highlights
Shares of the computer server maker Super Micro Computer Inc. rallied in late trading today after the company beat Wall Street’s targets with its second-quarter financial results and followed up with a stunning forecast that blew analysts’ targets out of the water.
Supermicro last Thursday launched a full stack optimized storage solution for AI and ML data pipelines from data collection to high performance data delivery.
Super Micro Computer Inc., riding high on its ability to sell servers loaded with many of Nvidia’s chips, is now seeing growth rates similar to the chip giant, prompting investors to question how long this AI boom can last.
Supermicro, Hersteller von IT-Gesamtlösungen für KI, Cloud, Speicherung und 5G/Edge, bringt eine optimierte Full-Stack-Speicherlösung für KI- und ML-Daten-Pipelines auf den Markt – von der Datenerfassung bis zur hochleistungsfähigen Datenbereitstellung.
Super Micro Computer, Inc., een wereldwijde leider op het gebied van hoogwaardige computing, storage, netwerkoplossingen en groene computertechnologie, kondigt een full-stack geoptimaliseerde opslagoplossing voor AI- en ML data pipelines aan.
Super Micro Computer, Inc. (Nasdaq: SMCI) kondigt een full-stack geoptimaliseerde opslagoplossing voor AI- en ML data pipelines aan.