Super Micro Shares Surge 12% on Strong Preliminary Fiscal Results

Super Micro Computer shares rose 12.3% on Wednesday following preliminary first-quarter results that significantly surpassed analyst expectations.

The company projected revenue of $18.5 billion to $19.5 billion, driven by intense demand for AI data centre infrastructure.

Despite the recent recovery, the stock remains 74% below its record high of $122.90 achieved in March 2024.