Super Micro pushes up full-year revenue forecast as it points to strong AI demand
Publishing timestamp: 2024-04-30 18:04:54
Summary
Super Micro's revenue surged 200% but was slightly below expectations. The company replaced Whirlpool in the S&P 500 in March. Shares slipped after reporting lower revenue than expected for the fiscal third quarter, but gave optimistic guidance for the future. CEO expects strong growth in customer base and AI sector. Stock is up 205% this year. Company is focusing on AI growth and improving supply chain.
Sentiment: MIXED
Keywords: business, earnings, hewlett packard enterprise co, super micro computer inc, breaking news: technology, nvidia corp, technology, breaking news: earnings, business news, enterprise,
Source: https://www.cnbc.com/2024/04/30/super-micro-smci-q3-earnings-report-2024.html