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Super Micro Board Member Buys Over $1 Million in Stock After 600% Yearly Surge

The Nvidia partner company is expected to see ballooning revenue as AI spending boomsSuper Micro reported blowout results for its latest quarter and forecasts strong growth ahead.Super Micro Computer

Super Micro Board Member Buys Over $1 Million in Stock After 600% Yearly Surge

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Jfierydragon
·02-06
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Avoid this stock.","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/270957423841544","repostId":2409696834,"repostType":2,"repost":{"id":"2409696834","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1707186694,"share":"https://www.laohu8.com/m/news/2409696834?lang=&edition=full","pubTime":"2024-02-06 10:31","market":"us","language":"en","title":"Super Micro Board Member Buys Over $1 Million in Stock After 600% Yearly Surge","url":"https://stock-news.laohu8.com/highlight/detail?id=2409696834","media":"Dow Jones","summary":"The Nvidia partner company is expected to see ballooning revenue as AI spending boomsSuper Micro reported blowout results for its latest quarter and forecasts strong growth ahead.Super Micro Computer ","content":"<html><head></head><body><p>The Nvidia partner company is expected to see ballooning revenue as AI spending booms</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4a50da5fe04782a3b83cc1e3af6e3c84\" alt=\"Super Micro reported blowout results for its latest quarter and forecasts strong growth ahead.\" title=\"Super Micro reported blowout results for its latest quarter and forecasts strong growth ahead.\" tg-width=\"923\" tg-height=\"612\"/><span>Super Micro reported blowout results for its latest quarter and forecasts strong growth ahead.</span></p><p>Super Micro Computer Inc. shares have surged more than 600% over the past year, but one board member just sent a signal of confidence by buying up stock.</p><p style=\"text-align: start;\">Fred Chan, who’s spent just over three years on the storage and server company’s board, scooped up 2,000 Super Micro shares Thursday at $568 apiece, according to a filing with the Securities and Exchange Commission made public Monday. He spent $1.14 million on the open-market transaction.</p><p>Chan, who carries an engineering and real-estate background, now owns 42,917 shares of Super Micro, worth more than $28 million based on Monday’s closing levels.</p><p style=\"text-align: start;\">Chan’s purchase comes as shares of Super Micro, which is an Nvidia Corp. partner, have exploded recently upon signs of strong momentum in the business. The company saw sales double in the latest quarter, and analysts project that they will triple in the current quarter thanks to the artificial-intelligence frenzy.</p><p>“Finally, we are entering an accelerating demand phase now from many more customer wins,” Chief Executive Charles Liang said on the company’s earnings call last week. He said that he was “very confident that this AI boom will continue for another many quarters, if not many years.”</p><p>While Chan was a buyer after the latest results, fellow board member Daniel Fairfax unloaded some stock. He sold 300 shares at $540 apiece Thursday, in a transaction valued at $162,000.</p><p style=\"text-align: start;\">His current position of 20,087 Super Micro shares is worth about $13 million based on Monday’s closing prices.</p><p style=\"text-align: start;\">Super Micro declined to comment on either stock transaction.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Super Micro Board Member Buys Over $1 Million in Stock After 600% Yearly Surge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSuper Micro Board Member Buys Over $1 Million in Stock After 600% Yearly Surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-02-06 10:31</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The Nvidia partner company is expected to see ballooning revenue as AI spending booms</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4a50da5fe04782a3b83cc1e3af6e3c84\" alt=\"Super Micro reported blowout results for its latest quarter and forecasts strong growth ahead.\" title=\"Super Micro reported blowout results for its latest quarter and forecasts strong growth ahead.\" tg-width=\"923\" tg-height=\"612\"/><span>Super Micro reported blowout results for its latest quarter and forecasts strong growth ahead.</span></p><p>Super Micro Computer Inc. shares have surged more than 600% over the past year, but one board member just sent a signal of confidence by buying up stock.</p><p style=\"text-align: start;\">Fred Chan, who’s spent just over three years on the storage and server company’s board, scooped up 2,000 Super Micro shares Thursday at $568 apiece, according to a filing with the Securities and Exchange Commission made public Monday. He spent $1.14 million on the open-market transaction.</p><p>Chan, who carries an engineering and real-estate background, now owns 42,917 shares of Super Micro, worth more than $28 million based on Monday’s closing levels.</p><p style=\"text-align: start;\">Chan’s purchase comes as shares of Super Micro, which is an Nvidia Corp. partner, have exploded recently upon signs of strong momentum in the business. The company saw sales double in the latest quarter, and analysts project that they will triple in the current quarter thanks to the artificial-intelligence frenzy.</p><p>“Finally, we are entering an accelerating demand phase now from many more customer wins,” Chief Executive Charles Liang said on the company’s earnings call last week. He said that he was “very confident that this AI boom will continue for another many quarters, if not many years.”</p><p>While Chan was a buyer after the latest results, fellow board member Daniel Fairfax unloaded some stock. He sold 300 shares at $540 apiece Thursday, in a transaction valued at $162,000.</p><p style=\"text-align: start;\">His current position of 20,087 Super Micro shares is worth about $13 million based on Monday’s closing prices.</p><p style=\"text-align: start;\">Super Micro declined to comment on either stock transaction.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","BK4587":"ChatGPT概念","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","BK4527":"明星科技股","BK4543":"AI","BK4579":"人工智能","BK4588":"碎股","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4503":"景林资产持仓","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0234570918.USD":"高盛全球核心股票组合Acc Close","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","BK4581":"高盛持仓","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0082616367.USD":"摩根大通美国科技A（dist）","BK4549":"软银资本持仓","LU0056508442.USD":"贝莱德世界科技基金A2","BK4548":"巴美列捷福持仓","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0080751232.USD":"富达环球多元动力基金A","LU0061474960.USD":"天利环球焦点基金AU Acc","BK4585":"ETF&股票定投概念","BK4170":"电脑硬件、储存设备及电脑周边","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","BK4529":"IDC概念","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","SMCI":"超微电脑","BK4592":"伊斯兰概念","BK4532":"文艺复兴科技持仓","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU0053671581.USD":"摩根大通美国小盘成长股 A(dist)","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2409696834","content_text":"The Nvidia partner company is expected to see ballooning revenue as AI spending boomsSuper Micro reported blowout results for its latest quarter and forecasts strong growth ahead.Super Micro Computer Inc. shares have surged more than 600% over the past year, but one board member just sent a signal of confidence by buying up stock.Fred Chan, who’s spent just over three years on the storage and server company’s board, scooped up 2,000 Super Micro shares Thursday at $568 apiece, according to a filing with the Securities and Exchange Commission made public Monday. He spent $1.14 million on the open-market transaction.Chan, who carries an engineering and real-estate background, now owns 42,917 shares of Super Micro, worth more than $28 million based on Monday’s closing levels.Chan’s purchase comes as shares of Super Micro, which is an Nvidia Corp. partner, have exploded recently upon signs of strong momentum in the business. The company saw sales double in the latest quarter, and analysts project that they will triple in the current quarter thanks to the artificial-intelligence frenzy.“Finally, we are entering an accelerating demand phase now from many more customer wins,” Chief Executive Charles Liang said on the company’s earnings call last week. He said that he was “very confident that this AI boom will continue for another many quarters, if not many years.”While Chan was a buyer after the latest results, fellow board member Daniel Fairfax unloaded some stock. He sold 300 shares at $540 apiece Thursday, in a transaction valued at $162,000.His current position of 20,087 Super Micro shares is worth about $13 million based on Monday’s closing prices.Super Micro declined to comment on either stock transaction.","news_type":1},"isVote":1,"tweetType":1,"viewCount":406,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":24,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":270964862116120,"commentId":"270964862116120","gmtCreate":1707191326306,"gmtModify":1707191341076,"authorId":3579028995240368,"author":{"id":3579028995240368,"idStr":"3579028995240368","authorId":3579028995240368,"name":"Jfierydragon","avatar":"https://static.tigerbbs.com/32ea74904661b2d0a43f0cc648caae68","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.05.07","exceedPercentage":"93.47%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":270957423841544,"objectIdStr":"270957423841544","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"it just <u>began</u>","text":"it just <u>began</u>","html":"it just <u>began</u>","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}