Super Micro Shares Rose 3% in Premarket Trading after Surging 16% on Monday as AI Boom Drives 100,000 Quarterly GPU Shipments

Tiger Newspress10-08

Super Micro shares rose 3% in premarket trading after surging 16% on monday as AI boom drives 100,000 quarterly GPU shipments.

A boom in generative artificial intelligence technology has bumped up demand for the hardware required to process the large amounts of data genAI uses, helping Super Micro, which makes servers featuring leading AI chips including Nvidia's.

It "recently deployed more than 100,000 GPUs with liquid cooling solution (DLC) for some of the largest AI factories ever built," Super Micro said in a statement.

The company is acclaimed for its liquid cooling technology, which boasts greater power-saving than the air cooling techniques used in some data centers.

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Comments

  • a4xrbj1
    10-09
    a4xrbj1
    Still waiting for their 10k filing and if they indeed violated SEC as well as trade laws then the share price will fall below $40 again. Be careful 
  • Andrewinho
    10-08
    Andrewinho
    👏👏👏🚀🚀🚀
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