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Will Super Micro's stock rise another 15% by March 31, 2025?
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Super Micro Stock Surges 15% on 100,000 Quarterly GPU Shipments Amid AI Boom
Oct 7, 2024, 05:00 PM
Super Micro Computer (SMCI) announced that it is now shipping over 100,000 GPUs per quarter, driving a significant surge in its stock price. The company has also delivered more than 2,000 liquid-cooled racks since June 2024. This announcement has led to a 15% increase in Super Micro's stock, reflecting strong demand for its advanced AI and liquid cooling solutions. The surge in GPU shipments and innovative cooling technology, including Nvidia chip access, have positioned Super Micro as a key player in the AI hardware market. The 100,000 GPUs shipped per quarter translate to several billion dollars in revenue, and the stock jumped 14% on the news.
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