Why Super Micro Computer Stock Soared on Thursday Morning [Yahoo! Finance]
Super Micro Computer, Inc. (SMCI)
Last super micro computer, inc. earnings: 8/3 04:05 pm
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US:NASDAQ Investor Relations:
ir.supermicro.com/investor-relations
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Source: Yahoo! Finance
designer Nvidia (NASDAQ: NVDA) . Supermicro investors saw Nvidia's success story as a good sign, since high demand for artificial intelligence (AI) accelerator chips translates into strong sales of custom AI-crunching computers. The enthusiasm faded somewhat later in the day, and Supermicro's stock was up by 2.1% at 1 p.m. ET. Any uptick after a 52-week gain of 438% looks like good news, though. Nvidia's market-moving results The leader in AI chip design saw sales rise 262% year over year to $26 billion. Its data center segment's revenue surged even faster, clocking a 427% gain over the same period. That unbroken market momentum is good news for Supermicro, since a pile of Nvidia chips or Blackwell AI accelerator cards won't train any AI systems . You need a properly integrated computer system to train them, and Supermicro's products fit the bill for many AI giants. Why didn't Supermicro stay aloft today? Supermicro reported its own results for the comparable period two we
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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