Super Micro Jumps on Strong Outlook Signaling Renewed AI Demand
The Super Micro Computer Inc. headquarters in San Jose, California.
Photographer: David Paul Morris/BloombergSuper Micro Computer Inc. shares gained in late trading after the company gave a forecast for sales in the current quarter that signaled strong demand for its gear to run AI data centers.
Revenue will be at least $12.3 billion in the period ending March 31, the San Jose, California-based company said Tuesday in a statement. Fiscal third-quarter earnings, excluding some items, will be at least 60 cents a share. Analysts polled by Bloomberg had projected, on average, profit of 52 cents on sales of $10.2 billion.