Super Micro Computer ((SMCI) reports its December results today after the closing bell.But much of the excitement and accolades have already happened after the provider of datacenter infrastructure equipment and solutions pre-announced better than expected revenues and profits on January 19.That Friday, SMCI shares surged 36%. And they were up as much as 15% last week to more all-time highs near $500.So the stage is set for "Supermicro" management to deliver more good news about their 2024 outlook that coul ...

Editor's note: Seeking Alpha is proud to welcome Max Feldman as a new contributor. It's easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » SOPA Images/LightRocket via Getty Images Investment Thesis Investors are in awe of Super Micro's (NASDAQ:SMCI) performance on Friday, January 19, 2024 as the company saw its stock price jump 35%. However, even with this spike in the stock price, it ...

Super Micro Computer (SMCI -1.88%) stock has continued to post big gains this week. The company's share price was up 12.3% from last week's market close before the market opened this Friday, according to data from S&P Global Market Intelligence.On the heels of the explosive upward quarterly guidance revisions it issued last week, Super Micro Computer's bullish momentum has continued in this week's trading. The company's share price has also gotten a lift from ASML's better-than-expected fourth-quarter repor ...

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 ...