Super Micro Computers Surges As GPU Shipments Increase
Oct 7, 2024 By MarketDepth
Super Micro Computers (SMCI) has announced 100,000 quarterly gpu shipments and new array of liquid cooled products were released. With the new technology the company is equipping some of the largest AI factories with this new cutting edge tech. This news sent the stock surging and built some momentum around the company.
The stock is up over 15% on the day as the company releases very positive earnings. With this surge the stock is up over 50% on the year. Super Micro Computers hit a high of over $100 a share earlier in the year but came crashing down as the market softened. One big point that hurt the the company is a short report that forced the DOJ to analyze accounting irregularities.
“Super Micro continues to innovate, delivering full data center plug-and-play rack scale liquid cooling solutions.”
CEO Charles Liang