Super Micro Jumps 12 Percent on Strong Forecast
Super Micro Computer shares rose sharply after the server maker issued a quarterly revenue and profit margin forecast well above Wall Street estimates. The upbeat outlook signals that robust demand for artificial intelligence data centers continues to drive sector growth.
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SUPER MICRO COMPUTER INC shares climbed 12.2% to $36.44 in premarket trading on Wednesday after forecasting quarterly revenue between $18.5 billion and $19.5 billion. The projection topped Wall Street estimates of $15.23 billion, according to data compiled by LSEG.
