US Stocks Move | Super Micro Computer (SMCI.US) Surges Over 16% at Open as First Quarter Revenue Outlook Exceeds Expectations

Zhihu Finance APP reported that on Wednesday, Super Micro Computer (SMCI.US) opened up more than 16% and is currently trading at $36.75. According to reports, Super Micro Computer's revenue guidance for the current quarter far exceeded analysts' estimates, once again confirming that the rapidly growing artificial intelligence (AI) market continues to drive strong sales growth for its server products. On Tuesday, the company announced that revenue for the quarter ending in September is expected to reach between $14.5 billion and $15.5 billion, with earnings per share, excluding certain items, estimated at $1.01 to $1.10. According to market data, analysts on average expected revenue of about $12 billion and earnings per share of $0.74, while this outlook even surpassed the most optimistic market forecast of $13.3 billion in revenue.