Super Micro Computer Stock Surges as AI Demand Drives Shipments
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Super Micro Computer CEO Charles Liang at the Computex conference in Taipei, Taiwan, on June 5, 2024Key Takeaways
Super Micro Computer shares surged Monday as the server maker reported strong shipments of its GPUs, driven by artificial intelligence (AI) demand.
The server maker said it recently deployed 100,000 GPUs. with its liquid cooling technology to "some of the largest" AI factories.
CEO Charles Liang said "state-of-the-art" data center operators are turning to Super Micro Computer's products to meet their technical and financial goals.
Super Micro Computer (SMCI) shares soared Monday as the server maker reported strong shipments of its graphics processing units (GPUs), driven by artificial intelligence (AI) demand.
The company said it recently deployed 100,000 GPUs with its liquid cooling technology to “some of the largest AI factories ever built.”
Super Micro Computer also announced a new lineup of direct liquid cooling products for servers that it said could help AI firms cut their energy costs.
CEO Charles Liang said the company’s liquid cooling solutions “are now cooling massive, state-of-the-art AI factories, reducing costs and improving performance.” Liang added that data center operators are coming to Super Micro Computer “to meet their technical and financial goals for both the construction of greenfield sites and the modernization of existing data centers.”
Super Micro Computer shares were up over 13% at $46.77 in intraday trading Monday, and have gained about two-thirds of their value since the start of the year. Shares of AI chipmaker Nvidia (NVDA), a partner of Super Micro Computer, also got a boost Monday and have more than doubled in value in 2024 so far.
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CORRECTION—Oct. 7, 2024: This article has been corrected to reflect Super Micro Computer reported it deployed 100,000 graphics processing units (GPUs).
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