Super Micro Computer gave a strong sales forecast for fiscal year 2025, but the company’s shares fell on deteriorating profit margins.
Super Micro Computer gave a strong sales forecast for fiscal year 2025, but the company’s shares fell on deteriorating profit margins.
Super Micro Computer will replace Walgreens Boots Alliance in the Nasdaq 100 index before the start of trading on Monday, July 22.
Super Micro Computer posted quarterly financial results that left bulls wanting more, offset by strong guidance as the company continues to benefit from a huge demand for AI-capable data center servers. It’s the rare case of 200% revenue growth being not quite enough.
Super Micro Computer was falling Tuesday after the maker of servers that help with artificial-intelligence applications filed to sell 2 million common shares.
Shares of Super Micro Computer jumped after the company, alongside Deckers Outdoor, was tapped to join the S&P 500 index.
Super Micro Computer’s stock jumped almost 10% to a record high in extended trade on Monday, extending its recent AI-fueled rally after the server seller projected stronger-than-expected quarterly sales.
Super Micro Computer Inc. on Thursday delivered the latest upbeat signal for the chip industry.
Super Micro Computer Inc. shares fell in the extended session Tuesday after the server company with AI sales forecast a weak outlook considering an expected spending surge to support artificial-intelligence technology.