Posted 1/29/2024, 10:34:48 PM
Super Micro Stock Soars to Record High on Strong AI Server Demand
- Super Micro's stock jumped 10% to a record high after projecting stronger-than-expected quarterly sales
- The server seller's sales projection for the March quarter far exceeded analysts' estimates
- Super Micro's stock has more than tripled since May 2023 when the CEO cited strong AI server demand
- The company's report lifted shares of Nvidia by 1.2%, adding to recent AI-fueled rally
- Super Micro counts major institutions like NASA and NEC among its customers