The most recent trading session ended with Super Micro Computer (SMCI) standing at $475.58, reflecting a +1.15% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily gain of 0.53%. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq gained 0.19%.Coming into today, shares of the server technology company had gained 59.39% in the past month. In that same time, the Computer and Technology sector gained 5.21%, while the S&P 500 gained 2.48%.Investors w ...

Turn-Key Data Storage Solution for Large Scale AI Training and Inference – Hundreds of Petabytes in a Multi-tier Solution Supports the Massive Data Capacity Required and High-Performance Data Bandwidth Necessary for Scalable AI WorkloadsSAN JOSE, Calif., Jan. 25, 2024 /PRNewswire/ -- Supermicro, Inc. (NASDAQ: SMCI), a Total IT Solution Manufacturer for AI, Cloud, Storage, and 5G/Edge, is launching full stack optimized storage solution for AI and ML data pipelines from data collection to high performance dat ...

Super Micro Computer (SMCI) is scheduled to report its second-quarter fiscal 2024 results on Jan 29.For the fiscal second quarter, SMCI expects revenues between $3.6 billion and $3.65 billion. The Zacks Consensus Estimate for sales is pegged at $3.21 billion, indicating growth of 78.3% from the year-ago fiscal quarter’s reported value.SMCI anticipates non-GAAP earnings between $5.40 and $5.55 per share. The consensus mark for earnings is pegged at $5.07 per share, indicating 55.5% growth from the figure rep ...

Key PointsSMCI recently broke out of a multi-month consolidation, surpassing $350 resistance, taking its one-year performance to a remarkable 486% increase.SMCI's pre-reported figures for Q2, with revenue projected between $3.6 billion and $3.65 billion, significantly exceeding earlier guidance and analyst expectations.Ahead of its upcoming earnings release, analysts maintain a moderate buy rating, with two recent actions, including Barclays boosting its target and Wedbush reiterating a neutral rating.5 sto ...

Super Micro Computers’ stock surge has pushed its founder and CEO, Charles Liang, into the billionaire ranks.Liang, a 66-year-old Taiwan native, decided 30 years ago that Super Micro would begin designing motherboards, according to the company’s website.Now a Silicon Valley resident, Liang’s bet on motherboards, complex circuit boards that have become increasingly important as the backbone of artificial intelligence, have paid off.On Friday, shares of Super Micro jumped 25% to a record high after the compa ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Super Micro Computer (SMCI) .Super Micro currently has an average ...

Super Micro Computer (SMCI) shares soared 4.9% in the last trading session to close at $457.38. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 50.6% gain over the past four weeks.The increase in share price can be attributed to the company’s upbeat preliminary financial results for the second quarter of fiscal 2024.The company now expects net sales to be between $3.6 billion and $3.65 billion compared with earlier guided range o ...

With share prices up by 49% in the first three weeks of 2024, Super Micro Computer (SMCI 4.85%) has hit the ground running in the new year. This latest move caps off an almost 500% rally over the last 12 months as investors become increasingly optimistic about its potential in generative artificial intelligence (AI) infrastructure. Let's discuss what the next three years could have in store for the company. What does the guidance upgrade mean for investors?On Jan. 19, Super Micro released its preliminary re ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the Zacks Growth Style Score (part of th ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Super Micro Computer (SMCI) . This company, which is in the Zacks Computer- Storage Devices industry, shows potential for another earnings beat.This server technology company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters ...