Strong Guidance Sends Super Micro Computer (SMCI) Stock Soaring

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 ...