Nvidia Earnings Impact on AI Stocks - Nvidia's financial results will provide insights into global AI demand, impacting stocks like SoundHound (SOUN), Super Micro Computer (SMCI), and C3.ai (AI) [1] - SoundHound's stock has dropped over 50% from its 2024 high, SMCI has fallen 27%, and C3.ai has declined over 30% from its February peak [2][3] - Nvidia's stock is near its all-time high of $973, with analysts optimistic about its earnings due to strong semiconductor demand [3] Nvidia's Financial Performance and Market Expectations - Analysts expect Nvidia's Q1 sales to reach $24.57 billion, a 277% increase YoY, with the highest estimate at $26.87 billion [7] - Full-year revenue guidance is projected at $112.36 billion, an 84% increase from 2023 [7] - Nvidia has a history of beating revenue and earnings estimates, as shown by SeekingAlpha data [8] AI Industry Investments and Growth - Microsoft plans to buy 1.8 million chips this year, and Amazon is investing billions in AI for its cloud business [3] - Saudi Arabia has committed $40 billion to AI investments, benefiting Nvidia as the leading GPU provider [3] - Super Micro Computer's Q1 revenue rose to $3.85 billion, up from $1.28 billion YoY, with net profit increasing to $402 million from $85 million [8] - SoundHound's Q1 revenue grew to $11.6 million, up from $6.7 million in Q1 2023 [9] Historical Impact of Nvidia Earnings on AI Stocks - SoundHound's stock price surged over 40% on February 24th following Nvidia's previous earnings report [6] - SMCI's stock soared 30% as Nvidia's shares jumped during the same period [6]

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

The launch of OpenAI's ChatGPT in late 2022 and the subsequent generative artificial intelligence (AI) boom were Super Micro's big break. Part of Super Micro's business involves turning Nvidia's graphics processing units (GPUs) into ready-to-use computer servers for clients, so the rising demand for Nvidia hardware also boosted its business. These positive trends have continued in the third quarter. Can this technology company sustain its outrageous bull run? If you invested $1,000 on Super Micro Computer ( ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

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 ...