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24/7 Wall Street Super Micro Computer (Nasdaq: SMCI) surged 15.81% on Wednesday. That's a massive one-day jump, especially considering there was no company-specific news like earnings. However, there are events that factored into Super Micro's jump. Positive research on the AI server market, AI announcements across the past 48 hours, and broader market enthusiasm all likely played a part in Super Micro's gains. Let's investigate each one in more detail. 1. Positive AI Server News 3 Reasons Super Micro Compu ...

Here's Why Super Micro Computer Will Likely Announce a Stock Split in 2024 If any company is ripe for a stock split this year, it's Super Micro Computer (Nasdaq: SMCI). The stock has increased nearly threefold year-to-date thanks to its high- profile role in the AI revolution. Super Micro is benefiting from soaring demand for its AI servers, which use Nvidia chips (Nasdaq: NVDA), coupled with its liquid- cooled solutions for high-powered data centers supporting AI applications. Super Micro is strategically ...

Complete Data Center Liquid-Cooled Solutions Enable AI Factories to be Constructed at Unprecedented Speeds Using the Latest Dense GPU Servers Equipped with the Highest-Performing CPUs and GPUs SAN JOSE, Calif. and HAMBURG, Germany, May 13, 2024 /PRNewswire/ -- International Supercomputing Conference (ISC) -- Supermicro, Inc. (NASDAQ: SMCI), a Total IT Solution Provider for AI, Cloud, Storage, and 5G/Edge, is addressing the most demanding requirements from customers who want to expand their AI and HPC capaci ...

It’s been a long way down for Super Micro Computer (NASDAQ:SMCI). After riding the artificial intelligence wave to new heights and hitting $1,229 per share, Super Micro Computer stock lost over a third of its value.The catalyst for much of the loss was barely missing analysts bloated revenue expectations. And though Super Micro came up just short, the stock sold off and took down much of the rest of the tech sector with it. Other chipmakers fell in sympathy, including Nvidia (NASDAQ:NVDA) and Advanced Micro ...

Investment Rating - The report assigns a "Buy" rating to the company, indicating an expected relative return of over 20% within six months compared to the S&P 500 index [10]. Core Insights - The company reported Q3 FY2024 revenue of $3.85 billion, a year-over-year increase of 200% and a quarter-over-quarter increase of 5%, slightly below Bloomberg consensus expectations of $3.86 billion. Net profit reached $402 million, up 369% year-over-year, with non-GAAP EPS at $6.65, reflecting a 308% increase [2]. - The company has raised its full-year revenue guidance for FY2024 from a range of $14.3 billion to $14.7 billion to a new range of $14.7 billion to $15.1 billion, representing an approximate 2% increase. The expected revenue for Q4 FY2024 is projected to be between $5.1 billion and $5.5 billion [4]. Financial Performance - The revenue breakdown for Q3 shows that enterprise/channel vertical revenue was $1.88 billion, accounting for 49% of total revenue, with a year-over-year growth of 190% and a quarter-over-quarter growth of 26%. OEM and large data center vertical market revenue was $1.94 billion, making up 50% of Q3 revenue, with a year-over-year growth of 22% but a quarter-over-quarter decline of 10% [2]. - The company held cash and cash equivalents totaling $252 million as of March 31, 2024, with total bank debt and convertible notes amounting to $1.863 billion. Operating cash flow was negative at $1.52 billion, primarily due to expanded production and inventory [2]. Product Development and Outlook - The company is focusing on large-scale plug-and-play solutions, particularly utilizing liquid cooling and ENRC technology, which can save up to 40% in energy costs while optimizing system performance in data centers. The new 100KW rack offers 2 to 3 times the power density compared to traditional racks [4]. - The company is optimistic about its performance for FY2024 and has adjusted its revenue expectations upward. GAAP EPS is expected to be between $7.20 and $8.05, while non-GAAP EPS is projected to be between $7.62 and $8.42 for Q4 FY2024 [4].

Certain Wall Street analysts are pounding the table on artificial intelligence stocks Super Micro Computer and SoundHound AI.Enthusiasm surrounding artificial intelligence (AI) propelled shares of Super Micro Computer (SMCI -1.33%) and SoundHound AI (SOUN -5.18%) higher by 506% and 96%, respectively, during the past year. But both stocks still carry a consensus rating of "buy" on Wall Street, and certain analysts are forecasting big gains for shareholders.Ananda Baruah has set Super Micro Computer with a pr ...

Super Micro Computer continues to grow thanks to demand from artificial intelligence servers.In today's video, I discuss recent updates affecting Super Micro Computer (SMCI -2.15%). Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were the after-market prices of May 3, 2024. The video was published on May 5, 2024. ...

The highflying AI stock pulled back last month.April was another volatile month for high-flying AI stock Super Micro Computer (SMCI 6.09%) as interest in its fiscal third-quarter earnings report built, but in the end, the stock finished the quarter down 15%, according to S&P Global Market Intelligence.That pullback was in line with a broader decline in AI stocks, as investors seemed to fear that a bubble was forming in the sector after stocks like Supermicro, as the company is also known, had already skyroc ...

Investors pressed the panic button following the company's latest results, but a closer look suggests that its outstanding growth is here to stay.Shares of Super Micro Computer (SMCI 2.65%) were in sell-off mode after the company released fiscal 2024 third-quarter results (for the three months ended March 31) on April 30.That may seem a tad surprising considering the outstanding growth the company delivered during the quarter. More specifically, Super Micro stock was down more than 11% in pre-market trading ...