Super Micro Soars on Booming AI Demand, Record Earnings
• Super Micro Computer revenue more than doubled to $3.66 billion on surging demand for AI products • Second-quarter earnings per share beat estimates at $5.59 • Raised fiscal 2024 guidance to $14.3-$14.7 billion from $10-$11 billion • Continued record demand seen for AI systems from partners Nvidia, Intel, and AMD • Shares jumped to all-time high of $554.44 and up 600% over past year