Super Micro Computer, Inc. - Common Stock (SMCI)
43.99
+0.00 (0.00%)
NASDAQ· Last Trade: Jun 9th, 7:46 AM EDT
Wrapping up Q1 earnings, we look at the numbers and key takeaways for the hardware & infrastructure stocks, including Super Micro (NASDAQ:SMCI) and its peers...
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Supermicro is enjoying a rally that looks to be short-lived.
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Super Micro Computer Inc. (NASDAQ: SMCI) is bucking the broader selloff Monday, up ~4% as Nasdaq slides, reversing Friday's 8.5% drop.
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AI server stocks put up eye-popping gains in May and early June, with Supermicro, Dell, and HPE seeing huge pops after their latest earnings.
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HPE's Q2 revenue surged 40% to $10.7 billion with a record $5.9 billion AI backlog, while Super Micro pivots to edge computing to defend its market position.
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Investor enthusiasm soared after an early May announcement and sustained throughout the month.
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The AI infrastructure provider is getting back to growth.
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