Core Viewpoint - Super Micro Computer missed Wall Street estimates for quarterly profit and revenue due to a shift in delivery schedules for large AI deals, resulting in an over 8% drop in shares during extended trading [1] Group 1: Financial Performance - The company reported first-quarter revenue of $5 billion, which fell short of analysts' average estimate of $6 billion [4] - Adjusted earnings were 35 cents per share, below the expected 40 cents [4] - Super Micro forecasts second-quarter revenue between $10 billion and $11 billion, exceeding analysts' average estimate of $7.83 billion [5] - The annual revenue forecast was raised to $36 billion from the previous projection of $33 billion [5] Group 2: Operational Challenges - Nearly $1.5 billion in revenue was shifted from the September quarter to the December quarter due to last-minute configuration upgrades by a high-volume customer [2] - The complexity of new GPU racks necessitated intricate integration, testing, and validation, making sourcing and building more time-consuming [2] Group 3: Market Position and Demand - Super Micro has over $13 billion in orders for the Nvidia Blackwell Ultra-based GB300 product line [4] - The company's growth is heavily reliant on data center demand, with a focus on AI GPU platforms as a key growth driver [3][4] - Collaboration with Nvidia positions Super Micro to be among the first to market with systems built around new chip architecture [3]

Core Viewpoint - Shares of Sanmina Corporation surged over 22% intra-day following the announcement of a strategic partnership between AMD and OpenAI to deploy 6 gigawatts of AMD GPUs [1] Group 1: Strategic Partnership - The partnership between AMD and OpenAI involves OpenAI purchasing 6 gigawatts of AMD chips, starting with the MI450 model next year [3] - This deal is expected to benefit Sanmina's pending acquisition of ZT Systems' data center infrastructure manufacturing business from AMD, which was first disclosed in May [2] Group 2: Market Positioning - Sanmina is set to become AMD's U.S.-based new product introduction (NPI) manufacturing partner, positioning the company to leverage AMD's expanding artificial intelligence infrastructure partnerships [2] - Although the financial impact on Sanmina from the AMD-OpenAI agreement remains uncertain, analysts suggest potential gains if OpenAI or its affiliates choose Sanmina to assemble GPU racks for the project [3]