"Super Micro's Soaring Revenue Forecast Sparks Stock Surge"
TL;DR Summary
Super Micro Computer (SMCI) stock surges after raising its 2024 revenue forecast to over $14 billion, beating fiscal second-quarter earnings estimates with $3.67 billion in revenue and adjusted earnings gains of $5.59 per share. The company's strong performance is seen as a way to play the AI trade, particularly for those looking to avoid overvalued names like NVIDIA or AMD, and is considered a storage play for the AI space with customers like NASA utilizing its data centers.
- Super Micro raises 2024 revenue guidance to over $14B Yahoo Finance
- Super Micro shares pop after earnings beat, rosy revenue forecast CNBC
- Super Micro Stock Gains on Results. It’s Good News for Nvidia and the AI Boom. Barron's
- Supermicro scales new peak after revenue forecast raise re-ignites AI rally Yahoo Finance
- SMCI Stock: Super Micro Rises After Q2 Beat Investor's Business Daily
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