Supermicro Soars on Booming AI Server Demand, 103% Revenue Growth
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Super Micro Computer (Supermicro) builds customized, high-performance AI servers and has relationships with major AI chipmakers like Nvidia, AMD, and Intel.
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Supermicro grew revenue 103% year-over-year in Q2 2023 to $3.7B and raised full-year guidance to $14.5B, 104% growth.
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Supermicro aims to capture the $2T market for data centers that's expected to double in 4-5 years.
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If Supermicro sustains 50% annual revenue growth, it could reach a $1T valuation by 2035.
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Supermicro has increased its market share to 11%, leaving room for continued share gains.