Super Micro Shares Jump More Than 10% After Preliminary Revenue Update
Super Micro Computer said preliminary quarterly revenue would significantly exceed its previous forecast. Shares rose more than 10% in after-hours trading Tuesday, while chip stocks received only a modest lift.
By Evie LiuSuper Micro Computer shares jumped more than 10% in after-hours trading Tuesday after the AI-server maker said preliminary quarterly revenue would significantly exceed its previous forecast. But the good news delivered only a modest lift to chip stocks, which are still struggling to reco…