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Will Super Micro Computer's stock rise another 10% by end of 2024?
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Super Micro Computer's Stock Surges 15% on Strong GPU Shipments and Liquid Cooling Solutions
Oct 7, 2024, 02:54 PM
Super Micro Computer (SMCI) announced that it is currently shipping over 100,000 GPUs per quarter and has delivered more than 2,000 liquid-cooled racks since June 2024. This significant increase in shipments is driven by strong sales in liquid-cooled GPU racks, which are essential for supporting advanced AI applications. As a result, SMCI's stock has surged, rising 15% today, with a notable increase in options activity. The company's advancements in liquid cooling solutions are positioning it as a leader in the semiconductor industry, with the 100,000 GPUs representing several billion dollars.
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