#supermicrorisesnearly20% Super Micro Computer stock just leaped nearly 20% after sharing a big preliminary update with investors. The AI server giant revealed that its expected gross margins doubled to between 15% and 17%, blowing past its previous 8% forecast. On top of that, the company landed over $60 billion in new orders last quarter, proving that tech companies are still heavily investing in AI data centers. Even though quarterly revenue came in near the low end of guidance, investors brushed that off to focus on the huge jump in profitability. It shows that demand for high-performance AI server hardware is holding strong and market confidence is quickly returning to the tech space.
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