Super Micro Shares Jump 12.7% on Upbeat Quarterly Forecast
Super Micro Computer forecast quarterly revenue and profit margin comfortably above Wall Street estimates, signaling resilient AI data-center demand. Shares rose 12.7% to $36.69 in premarket trading.
Super Micro Computer (NASDAQ: SMCI) shares climbed nearly 13% on Wednesday after the company projected quarterly revenue and profit margin well above Wall Street estimates, indicating resilient demand for AI data centers. The AI server maker's stock gained 12.7% to $36.69 in premarket trading.