Super Micro Stock Jumps Another 5% After Soaring 32% Last Week
Super Micro Computer shares jumped another 4.6% in premarket trading Tuesday after soaring 32% last week.
Super Micro Computer jumped 32.1% last week after giving an aggressive long-term revenue outlook and saying it “believes” it will meet a Nasdaq Inc. deadline to file audited financial results.
Sales will be $40 billion in the fiscal year ending in June 2026, the company said Tuesday in a statement, which also provided preliminary fiscal second-quarter results. Analysts, on average, estimated $30.7 billion for fiscal 2026, according to data compiled by Bloomberg.
San Jose, California-based Super Micro has seen an explosion in demand for servers containing high-powered chips needed to run artificial intelligence workloads. Last week, the company said it had reached full production availability for products containing Nvidia Corp.’s new Blackwell B200 chips.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Most Discussed
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10