"Super Micro's Sales Projection Sparks AI Rally Surge"
Super Micro Computer's stock surged almost 10% to a record high in extended trade after the server seller projected stronger-than-expected quarterly sales, boosting shares of Nvidia as well. The company's report indicated a projected net sales range for the March quarter far exceeding analysts' estimates, contributing to its stock's 35% surge in January and reigniting Wall Street's rally in AI-related companies. CEO Charles Liang attributed the company's success to the growing momentum in AI.