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 ...

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 ...