With the previous year being pivotal for AI, it is no wonder that companies that focus their products in this industry are recording impressive gains. Among them is Super Micro Computer (NASDAQ: SMCI), whose performance made its executives readjust their revenue expectations.On December 19, the management of SMCI revised their expectations for the quarter ending in December. Consequently, SMCI stock experienced a significant surge, propelled by the announcement and the underlying credibility of multiple gro ...

Super Micro Computer (SMCI 3.04%), more commonly known as Supermicro, has likely made enormous profits for investors over the years. The producer of high-performance servers went public at $8 on March 29, 2007, and it now trades at about $423.A $20,000 investment in Supermicro stock at the time of its IPO would be worth $1.06 million today. The lion's share of those gains, however, occurred within the past couple of years.Supermicro's growth was driven by robust sales of its high-end servers, and those sale ...

On Monday, it seemed almost impossible not to make money by betting on tech stocks -- nearly any tech stocks.Such titles are all the rage on the market just now, with a host of tailwinds propelling them forward. On Monday, beneficiaries in many tech niches abounded. Components supplier Super Micro Computer (SMCI 3.04%), data warehousing specialist Snowflake (SNOW 3.09%), and next-generation database company MongoDB (MDB 3.08%) all bumped more than 3% higher in price.Good and bad news from AsiaOne of the str ...

Super Micro Computer Inc. appears to be mopping up the floor with the competition in the market for AI-dedicated servers.Last week, Supermicro SMCI, +3.04% announced preliminary results for its December quarter that smashed expectations. The San Jose-based computer and server maker has gained more share in the slower-growing server arena, thanks to its partnership in providing servers built with Nvidia Corp. NVDA, +0.27% graphics chips, and also because of one of its big, unnamed customers. Analysts believe ...

The market expects Super Micro Computer (SMCI) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to ...

Few stocks outperformed Nvidia (NVDA 4.17%) in 2023, but one notable exception was Super Micro Computer (SMCI 35.94%), often referred to as Supermicro. With the stock edging out Nvidia by gaining 246% versus Nvidia's 239% in 2023, investors might be surprised to hear that Supermicro could still be a strong buy. However, after digging into the company, it's clear it still has a long runway. Furthermore, it can be purchased for a reasonable price -- something Nvidia cannot say.Supermicro makes highly configur ...

Super Micro Computer Inc. expects to top its original forecasts for the latest quarter by a massive margin — and that’s powering its stock to a historic day. Shares of Super Micro SMCI, +35.25%, a chip company that makes storage and server offerings, easily were headed for a record close with about half an hour left in Friday’s session. The stock recently changed hands at $421.27, which would surpass its current record finish of $353.29, hit in early August. The stock was also on pace to notch its largest s ...

Friday morning got off to a blistering start for data center infrastructure specialist Super Micro Computer (NASDAQ:SMCI) as management upgraded its expectations for the quarter ending December. Subsequently, SMCI stock skyrocketed not only on the news but also the underlying credibility of multiple burgeoning ecosystems.According to a Reuters report, the San Jose, California-based enterprise expects net sales to land between $3.6 billion and $3.65 billion for its second quarter of fiscal year 2024. Previou ...

Shares of Super Micro Computer (SMCI 32.27%) were up by a remarkable 32% as of 12:15 p.m. ET Friday, according to data from S&P Global Market Intelligence.After the market closed Thursday, the high-performance server and data storage maker published preliminary results for the second quarter of its fiscal 2024 -- which ended Dec. 31. The company dramatically increased its performance targets with the update, and investors are responding by aggressively buying its shares.Q4 results will blow the doors off ex ...

Super Micro Computer (SMCI 32.05%) stock is rocketing higher Friday. The server-and-storage company's share price was up 32.6% as of 1 p.m. ET, according to data from S&P Global Market Intelligence.After the market closed yesterday, Super Micro Computer published updated guidance for the second quarter of its 2024 fiscal year, which closed Dec. 31. The guidance updates indicate that the business is seeing huge demand driven by the rise of artificial intelligence.Take a look at the guidance comparison for th ...