Super Micro Computer Stock Volatile On 100K GPU Shipments: Can AI Hype Keep It Up?
Super Micro Computer(SMCI) Benzinga·2024-10-08 18:48
Super Micro Computer Inc. SMCI has been riding the AI wave for some time, and its latest announcement sent the stock soaring again. Shares jumped 15% after the company revealed it's shipping over 100,000 GPUs per quarter, a figure that could translate into billions of dollars in potential revenue, with GPUs being the core hardware behind AI development and deployment. But while the stock got a short-term boost, questions about its sustainability loom large. It soon receded and was down by about 7% by 1:30 P ...