Nvidia's strong forecast lifts shares of AI chipmakers [Yahoo! Finance Canada]
Super Micro Computer, Inc. (SMCI)
Last super micro computer, inc. earnings: 8/3 04:05 pm
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Source: Yahoo! Finance Canada
NEW YORK (Reuters) - A stronger-than-expected revenue forecast from Nvidia after the bell on Wednesday lifted shares of the artificial-intelligence chipmaker and fueled gains in other chip and technology stocks. Shares of Nvidia were last up 3.5% while Advanced Micro Devices was up 1.2% and Broadcom was up 0.8% in after-hours trading. "I believe I heard a collective sigh of relief across Wall Street as many investors and analysts were nervous about Nvidia and the entire tech center ahead of this announcement," said Michael Schulman, chief investment officer at Running Point Capital. ADVERTISEMENT Also moving higher in late trading were shares of Super Micro Computer, up 2%; Dell Technologies, up 1.5%; and Marvell Technology, up 1.1%. Nvidia late on Wednesday a ten-for-one forward stock split. "The numbers are good, but (the stock) could trade lower tomorrow after investors truly digest these numbers," said Jake Dollarhide, chief executive officer of Longbow Asset Manageme
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News
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- Is There Now An Opportunity In Super Micro Computer, Inc. (NASDAQ:SMCI)? [Yahoo! Finance]Yahoo! Finance
- 2 AI Stocks Not Named Nvidia or SMCI to Buy on the Dip [Yahoo! Finance]Yahoo! Finance
- This New S&P 500 Artificial Intelligence (AI) Stock Is Growing 5 Times Faster Than Its Industry [Yahoo! Finance]Yahoo! Finance
SMCI
Earnings
- 4/30/24 - Beat
SMCI
Sec Filings
- 6/5/24 - Form 4
- 6/3/24 - Form 4
- 6/3/24 - Form 144
- SMCI's page on the SEC website